Word: growths
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Dates: during 1970-1979
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This is supremely important because, even if the growth in air travel levels out to 6% a year, U.S. lines will need to borrow $56 billion by 1985 to replace their aging jets. Lenders will tend to favor the lines that stand to benefit the most from deregulation, meaning the bigger, richer carriers. Though the U.S. certainly needs more competition and fare flexibility in the air, the specter of unbridled price cutting and route grabbing frightens many financial experts, who fear that some lines will not be able to earn the returns needed to justify large loans. One airline financial...
...anticipates that passenger volume will continue to grow at the present annual rate of 23%. United's Ferris figures: "A new plateau of travel is now established. We won't see great leaps from that plateau, but growth will be off a higher base." In the future, passenger growth will be somewhere between 6%, which is the historic average...
Because of the growth of the federal bureaucracy, which employs some 4.9 million workers around the country in everything from the space program to Social Security offices, Impact Aid today goes to 432 of the nation's 435 congressional districts. It has inflated from a $27 million funding plan that aided 1,172 school districts in 1951 to an enormous federal giveaway that this year will cost $770 million and benefit 4,100 of the nation's 16,000 school districts. The Senate will vote shortly on next year's Impact Aid program, and proposed changes could well send...
This activity is part of the explosive growth of the microelectronics industry, which since 1963 has transformed Santa Clara County, whose heart is Silicon Valley, from a bucolic orchard to a crazy quilt of low-slung buildings and endless seams of freeway. Electronics sales are rising 14% annually and will reach an expected $66 billion this year; 10% of the total volume comes from Silicon Valley. Partly because of a post-Viet Nam decline in trained electronics workers coming out of the military, the valley's personnel officers are searching to fill an estimated 5,000 openings...
...marketing of personality is changing from a cottage to a growth industry. Johnny, Merv, Mike, Dick and Kup go on forever, with their interchangeable guests. Barbara Walters gives up anchoring for the interviewing she's better at, PEOPLE magazine is a spectacular success...