Word: growths
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Dates: during 1970-1979
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...four quarters of 1979, Greenspan forecasts G.N.P. growth rates ranging from 3.3% to 3.9%, and he adds, "We will get into a recession late in 1980." Chicago Banker Beryl Sprinkel reckons that a short and shallow recession will hit much earlier, lasting through the second and third quarters...
...large, Republican board members-Greenspan, Sprinkel and Washington University's Murray Weidenbaum -figure that unless the Government can reduce the growth of spending and the budget deficit, Carter's latest anti-inflation campaign, aimed at jawboning down prices and wages, will fail. Indeed, Weidenbaum argues that the Administration's drive is making businessmen fearful of sterner price guidelines ahead. So they are motivated to raise now "rather than be caught with their prices down...
Miller favors slightly tighter money and a bit less economic growth to wrestle down inflation. But he told TIME Washington Correspondent George Taber: "If curbing inflation is left to monetary policy alone, then we have very serious dilemmas. My priority has been to call attention to a coordinated effort by Congress, the Administration and the Federal Reserve." That is why he was the first major policymaker to urge a delay in Jimmy Carter's proposed $25 billion tax cut, a position vindicated when the President agreed to make the cut smaller and later...
...European-made A300 Airbuses, charging that the deals had been "unfairly subsidized" by the German, French and Spanish governments. Boeing never had strong grounds for complaint anyway-it accounts for more than half of all commercial plane sales in the non-Communist world. To keep up with traffic growth and meet noise and pollution standards, the airlines are generally expected to buy up to 1,500 planes worth $80 billion between now and 1990, and that is enough business for all the builders...
...Harold Schwartz, the signs left little doubt. The seven-year-old boy visiting his Huntington Park, Calif., office in 1959 had Marfan's syndrome, a genetic disorder of the connective tissue that can cause heart and eye problems, affect skeletal growth and occasionally be fatal. A few months later, the boy's grandmother dropped in to inquire about his condition and revealed that her husband had died of Marfan's. The grandmother's married name was Lincoln...