Word: ince
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Dates: during 1970-1979
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Many economists see rebates as a quick fix for the economy. No other form of tax reliefer federal spending, they argue, moves so swiftly into the economic bloodstream. Says Otto Eckstein of Data Resources Inc. and a member of the TIME Board of Economists: "In 1975 we learned that a temporary tax cut lifts retail sales. It was spent fully within two or three months." The Carter forces are counting on the rebates to encourage business to spend more on expansion, since consumer purchasing power will be increased. While the 1976 recovery was sparked by inventory rebuilding and consumer spending...
...tutelage of Max Roach. He played on several popular recordings in his two year stary with Roach, including the classic "Members Don't Get Weary" on which he met pianist Stanley Cowell. He later teamed with Cowell and a few other musicians including drummer Jimmy Hopps, to form Music Inc. The group, which specializes in doing things new and differently, established its reputation on the European concert circuit. The strongest recording available during those sojourns, "Live at the Loosdrecht jazz festival" has Tolliver at his most unrestrained...
Cronin said that there must be an understanding reached whereby the University recognizes Harvard Magazine Inc. as a separate entity. The power to hire and fire staff must belong solely to the board of directors in order to preserve the editorial independence of the magazine, he said...
...elect Jimmy Carter can put zip into the lagging economy. Before the election, Wall Street nervously regarded the Democratic candidate as a big-spending populist, but it has been won over in recent weeks by Carter's appointment of political moderates to top Administration posts. Says Reynolds Securities, Inc. Vice President Robert Stovall: "'There's a growing chance that Carter might give us a market equal to that of the first year under President Kennedy" (when the Dow Jones industrial average of 30 blue-chip stocks rose...
...could hit 1100 in the first six months of next year, surpassing its alltime, January 1973 high of 1051.70. About midyear, Gordon predicts, the Dow will slide back to 1025 or so before moving up again to close 1977 somewhere between 1100 and 1150. Analyst Edson Gould of Anametrics, Inc. who has gained a reputation for accurately calling market turns (TIME, Apr. 26), is even more sanguine. He believes that by September the Dow could go as high...