Word: growth
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Dates: during 1970-1979
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...those glory decades have ended, at least temporarily. Government policies now work to discourage saving, retard investment and divert into immediate consumption the money that industry needs to spend on new factories, new equipment and new skills. Partly because of this, over the past ten years, annual productivity growth has slowed to about half the average 3% increase of the 1960s. This has been a major cause of slow economic expansion, the debilitated dollar and double-digit inflation...
...past quarter-century of uneven growth and the recent meteoric rise in oil prices have made the Third World a more disparate group of nations than ever. For many of them, the catchall appellation of less-developed countries (LDCs) has become outdated or at least incomplete. New subclassifications have become necessary: advanced-developing countries and least-developed countries; socialist LDCs and neocapitalist LDCs; non-oil LDCs and OPEC LDCs...
...thing, the growth of regulation is waning. "We have had this orgy of regulation over the past few years," she says. "We have regulated the hell out of everything-the environment, health and safety. We have gone to absurd lengths." The Government's inflation-terrified economists are passionately battling the regulators, who Rivlin feels are a bit hysterical in defending their turf. "But," she notes, "nobody says that we want to deregulate everything. Gradually, the regulatory excesses are being sorted...
Other experts suggest that the number of top horses contending for the Crown may have been diminished by the rapid growth of racing days nationwide. Many horses are raced out by the end of their two-year-old campaigns and retired. The breeders of others now pick and choose among rich purses scattered across 15 states rather than risk everything for show money in the Triple Crown events in a year when a really fine horse like Spectacular Bid turns up. In 1948 there were 696 stakes and feature races, only nine with purses...
Biomass. One new slogan: If it grows, burn it-or convert it to energy. Homeowners, utilities, manufacturers and municipal governments are experimentally burning all forms of natural growth, or biomass, including urban garbage, sugar cane, walnut shells and plants. At the same time, government-funded projects are examining means to extract energy from common biological wastes like animal manures. A poultry farmers' cooperative in Arkansas will soon recycle 100 tons of chicken manure daily to produce 1.2 million cu. ft. of methane equal to 12,000 gal. of gasoline; it is then used to power automobiles that have engines...