Word: growths
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Dates: during 1970-1979
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Perkins said the rapid economic growth seen in Asia, Latin America and the Middle East indicates the world's economy will be eight times as large...
...Administration is unwilling, or perhaps unable, to craft any consistent, coherent economic strategy. That mood of mistrust is dangerous, not just to Carter but to the nation. As the White House now clearly recognizes, consumer spending has done about all it can to prolong the U.S. economic expansion; continued growth in the next two or three years will depend largely on business spending for new factories, new machines and, ultimately, new jobs...
Interest Rates. Higher demand for loans and Federal Reserve Board efforts to prevent inflationary growth of the U.S. money supply are pushing up lending charges. The bank "prime" rate on business loans has jumped from 6¼% at the start of 1977 to 8% now; some Wall Streeters predict it will reach 8¾% or even 9% by year's end. The rise makes it more expensive for consumers and businesses to buy or build with borrowed cash. It could put an end to the housing boom by causing savers to pull their money out of savings banks and savings and loan...
...debate and diatribes throughout Israel, and the Premier subsequently said that the settlements would remain under Israeli sovereignty even if the Sinai is returned to Egypt. Prior to that promise, the settlers in Yamit were in an angry mood. The town is the one with the greatest expectations for growth. It now has a population of 1,500, divided almost equally between civilian residents and military families; the settlers hope that their seaside community will eventually become a regional center...
...findings were not altogether encouraging. As a director of the Institute for American Church Growth in Pasadena, Calif., Arn advocates a "bottom line" analysis of evangelism. In his eyes, the only reliable measure of any crusade's success is the number of people who become "responsible church members." In 1976 a Billy Graham crusade drew 434,100 people to Seattle's Kingdome in eight days, and 18,000 people "came forward" to profess faith in Christ. Arn's survey, done a year later and just released, reveals that of these, 54% were people simply rededicating themselves...