Word: ince
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Dates: during 1970-1979
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...other economists expect only a kind of pause. Otto Eckstein, president of Data Resources Inc., a forecasting firm, offers a precise computerized prediction: the growth of real G.N.P. will slow from 3.9% in the current quarter to 3.2% in late 1978, 1.9% in the first quarter of 1979 and 1.1% from April through June next year. But then it will pick up enough to produce a growth rate of 3.1% for all of 1979; that would not be far below the 3.9% expected this year, and is probably about as much as the economy can afford without generating even worse...
Neither the size nor the complexity of the equipment deters the thieves. Alcorn Well Service Inc. of Victoria, Texas, reports $15,000 worth of gear stolen this year; latest loss: a $1,200 pair of 60-lb. elevators used to pull pipe. Says Alcorn Vice President Jimmy Hendrix: "Just about dang near every weekend somebody gets hit. They come in after dark, strip your rig, and we never recover anything...
...should come as a surprise to no one that a Harvard portfolio company has played a key role in bolstering South Africa's illegal presence in Namibia. According to its most recently published reports, Harvard owns more than $2.5 million worth of shares in AMAX, Inc., the U.S. mining multinational. AMAX, in turn, owns one-third of Tsumeb Corporation, the copper mining company that employs more African labor in Namibia than any other firm. In a recent annual report, AMAX bragged that Tsumeb has finally trained a few of its 5000 African workers to fill such semi-skilled posts...
...pressed middle class-public officials from statehouse to White House are proclaiming that the choking grip of taxation must be loosened to let the underproductive, inflation-riddled U.S. economy breathe more freely and create more profits, capital and jobs. That sentiment was fully reflected at the Time Inc. conference. Sounding what might well have been the keynote of the proceedings, liberal Democrat Ullman declared that in its approach to taxation the nation is undergoing "a turn-around of major magnitude." After a decade in which tax policy was tilted toward achieving various social goals, Ullman observed, the federal taxing powers...
...puzzler for the rest of the nation. Some observers see it as part of a conservative backlash against the welfare state. President Carter says it vindicates his populist view that ordinary folks are rising in wrath against the well-to-do and their three-martini lunches. At the Time Inc. tax conference, Public Opinion Analyst Daniel Yankelovich, who conducts regular surveys for TIME, offered his findings...