Word: growths
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Dates: during 1970-1979
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...harsh winter chills economic growth...
More than foul weather is behind the slump. Experts on the Soviet economy point out that it has been slowing down for several years. Since 1976, which marked the start of the tenth Five Year Plan, annual growth has averaged 3.9% a year; in the first years of the decade, the average was 6%. The country now faces a serious labor shortage in industrialized areas, productivity has been sagging, and Soviet planners have yet to cope with serious management problems. Says Dimitri Simes, director of Soviet studies at Georgetown University's Center for Strategic and International Studies: "The Soviets...
...Demon Oil. When consumption periodically eases back, as it has been doing moderately in the industrial nations during the past two or three years, it is not so much because of effective governmental policies or the shift to alternative fuels as it is because of economic weakness and fitful growth at home...
...McNamara deterrent, as well as 20,000 "tactical" nuclear warheads. Thus the nuclear weapons load grows, but the target list is quite finite. Even granting some problems of vulnerability and reliability with strategic systems, as well as the necessity of limited, flexible response options, the need for continued growth in the nuclear arsenal appears quite questionable...
...complicate the Federal Reserve's problem, it is becoming even tougher to make major policy decisions on the basis of money growth figures. Officially, the nation's money supply has not grown since October, and in the past three months, M-l (currency plus checking accounts) actually declined 1.5%. But Fed insiders believe that the actual stock of money that is available to be spent has been expanding by perhaps 6% to 7%. Reason: there is a proliferation of new financial devices that effectively enlarge the money supply but are not measured by the old standards. One of these innovations...