Word: growths
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Dates: during 1970-1979
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...expected this year, money supply must increase 12% to accommodate both. If it grows more slowly, then either production or inflation?or both?must slow down. A few economists fear that the bite will come out of production, and they oppose anything but a very gradual slowdown in money growth. "Anyone who calls for a sharper cut," says Arthur Okun, "is advocating recession, and he should come...
Taking advantage of the phenomenally quick growth of soccer in this country, Brynteson joined two women's leagues this summer, both of which were in their first year. She impressed one of her male coaches so much that he invited her to spend August coaching kids of both sexes between the ages of eight and 18 at a camp he directed. She admits that "at first the older boys laughed," then adds, allowing a glimpse of the inner self-confidence beneath the humble exterior, "until they'd seen me play...
Most important, he might have called for a severe reduction in the growth of federal spending, because it is deficit spending that obliges the Federal Reserve to print the money that generates inflation...
Andorra's most compelling problems, however, spring from too rapid modernization and runaway growth. For centuries, the principality's hardy Catalan-speaking mountaineers tended their sheep and their meager crops in peaceful isolation from the wars and social turmoil that shaped the rest of Europe. Change came swiftly when Andorra established itself in the mid-'60s as a major duty-free area offering such irresistible bargains as gasoline and Chivas Regal at a fraction of their prices in Paris or Madrid...
Council members expressed moderate optimism about the economy, noting that a joint study by their economists forecasts that it will show real growth next year of about 3%-not great but far above recession levels. The business leaders were also encouraged by the voter uprising against Government spending. Said Benjamin Biaggini, chairman of the Southern Pacific Co.: "Proposition 13 is the greatest thing since ice cream." Du Pont Chairman Irving Shapiro exulted that "the public is again captain of the ship. For the first time we're in a posture to get a good economic policy because the public...