Word: growth
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Dates: during 1970-1979
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Because U.S. growth will be sluggish this year, imports are expected to decline. Exports should rise because the cheap dollar makes U.S. cars, jets, grain, and other goods bargains in international markets. Those factors should trim the nation's trade deficit from a horrendous $28.5 billion last year to a merely very bad $22 billion this year. But the dollar probably will remain weak for a variety of reasons: a surfeit of $600 billion in greenbacks is sloshing around the world as a result of inflationary excesses; foreign governments are weary of spending their own currency to support...
Republicans Sprinkel and Murray Weidenbaum would favor an amendment that would peg the growth in Government spending to growth in the gross national product. Says Weidenbaum: "This gets to the heart of the matter, which is to slow down the growth of the Government." One danger is that the G.N.P. is the product of many estimates and is often revised; if spending were linked to the G.N.P., politicians would be tempted to twist and bend that number...
Indeed, Armageddon is something of a growth industry. In an avalanche of recent books, polar caps melt, a new ice age begins, the oceans disappear, the ozone level is destroyed, terrorists touch off a nuclear war, astronauts bring back a deadly Andromeda Strain. Destruction may also come from a maddened god (Gore Vidal's Kalki). Or in an unending snowstorm (George Stone's Blizzard). Or from the scorching "greenhouse effect" of too much CO2 in the atmosphere (Arthur Herzog's Heat). Or through global political disintegration (The Third World War: August 1985 by a group of English...
...increase in the size of the undergraduate student body during the '70s because of the admission of more women helped bring in more tuition money for a while; but the growth has leveled off, Kaufman says...
Meanwhile, Harvard falls further behind the rest of the Ivy League in gymnastics, despite the phenomenal growth of the sport throughout the country...