Word: growth
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Dates: during 1970-1979
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Lawrence Maguire '58, director of student employment, said Wednesday, "we won't see that kind of quantum jump again, but sustained increases in funding will accompany growth in costs and needs...
Beginning in the late 60's, the government and the energy industry began discussing ways to meet America's projected energy needs for industrial growth in generations to come. The plan, forwarded under the name Project Independence," called for large, centralized power plants which could use coal and uranium to produce electricity. This electricity could be fed into a grid system which would divide the nation into regions of varying size, depending on population and availability of space for the plant sites...
...attempts by the government and the companies over the last decade have done little to ensure "reliable power" for industrial growth. If the work of GASP is a precedent, the industrialization and mining slated for "sparsely populated" areas might never come off the drawing boards...
...first time, several of TIME's economists worried that the intransigent inflation might endanger the free economic system. Lower- and middle-income citizens have accepted the inequities of capitalism because they figure that they have an opportunity to get ahead. If inflation and slow growth rob people of the chance to save and advance, they may be tempted to veer sharply left or right...
...when Jimmy Carter took office, is the most confident of the board members that stringent fiscal and monetary policies alone can work again. He predicts that if a firm hand is kept on the economy and the political leaders avoid the temptation to stimulate growth just to get elected, inflation will decline to perhaps 6% in 1981. No matter how high the cost of curbing the price plague, concludes Greenspan, some unpleasant medicine taken now will be less painful than other, tougher remedies forced upon the nation in the future. Says he: "The costs will be even more intolerable...