Word: impacted
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Dates: during 1970-1979
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...been a poor year for pessimism. Their outlook chilled by the frigid winter's possible impact on the recovery, many economists scaled down their growth forecasts for the year's first quarter. What happened? Business expanded at a robust rate. In the second quarter, when President Carter dropped his $50 tax rebate stimulus proposal, some seers again lowered their sights-and again were proved wrong. Last week the Commerce Department reported that in the three months ending in June, the nation's real gross national product grew at a healthy annual rate of 6.4%. That compares favorably...
...later this year-almost no one is talking about last year's celebrated "pause"-are based partly on expectations that neither home building nor spending by consumers or government will continue strong enough to keep business moving smartly. Other worries: the possibility of rising interest rates, the inflationary impact of the Administration's proposed energy program and the likelihood of a coal strike when miners' contracts expire in December...
...staying power of this recovery and have been keeping their wallets buttoned up much longer than they have at this stage of earlier postwar business cycles. Indeed, some economists are suggesting that reduced capital spending could become a more or less permanent feature of the U.S. economy as the impact of higher energy costs spreads...
...heavy is the concentration of communications operations in midtown Manhattan that the New York blackout had an impact that was immediately felt throughout the nation-and the world as well. All three networks transmit their signals from New York by air waves to relay towers and satellites-or by cables-for pickups by affiliate stations across the country. The two major U.S. wire services, Associated Press and United Press International, feed news from New York headquarters to more than 16,000 U.S. and foreign newspapers, radio stations and TV news desks. Scores of New York-based syndicates, ranging from...
...sometimes goes beyond her $52,500-a-year job as staff technician and seeks to influence policy. The CBO, with its staff of 208 economists and other specialists, was set up to analyze tax and spending options in all areas, from defense to welfare, and assess costs and probable impact on the economy. As a result, Congress can now set spending ceilings and sometimes even cut appropriations to stay under them. At the same time, the legislators can keep a close watch on individual spending programs. Before, Congress groped blindly, passing hundreds of appropriation bills each session without ever being...