Word: laggards
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...annual rate of 5.5%. That pace is low compared with Holland's 8% or Britain's 14%, but it is much too high by historical standards in the U.S. Yet if the Carter Administration fails to take the lead in reviving the industrial world's laggard economy, the U.S. cannot hope to achieve the robust recovery the President-elect has promised...
...final batch of business statistics issued before the presidential election gave a clear signal: now that the campaign's last heady hurrah has faded, the victor faces a tough task in getting the laggard economy back on schedule. With few exceptions, the indicators point to continuing sluggishness in the business growth needed to create jobs, sales and profits. The most disappointing disclosure: the Government's composite index of leading indicators, which had risen for 17 consecutive months as the economy climbed out of its worst recession in decades, fell .7% in September-the second monthly drop...
...Republican Party has also been laggard in recruiting an even more crucial ally: the big-city ethnic voter who has grown increasingly disillusioned with the Democratic Party and more conservative in his outlook. Back in 1968 Republican theorists like Kevin Phillips were urging the G.O.P. politicians to offer some programs that would appeal to urban Catholics, whether Irish, Italian, Polish, Hungarian, or Czech. In his latest book, The Mediacracy, Phillips writes that traditional Republicans and ethnics have a common enemy in the new "knowledge-sector elite"?liberals and Big Government, education, foundations and the press, who tend to belittle...
...brisk upward march of the economy from the nation's worst postwar recession, the relatively free-spending consumer has so far led the way. In marked contrast, spending by businessmen for new plant and equipment, which is critical to sustaining the business upturn, has been notably laggard. True, corporate capital spending is at last increasing, and most experts believe that it will reach satisfactory levels late this year. But others are worried that the outlays are coming too late, and that as the economy speeds up, industrial capacity will run into production bottlenecks and shortages that will kick...
...merciless fight" against profiteers and warned that "readers should not be under the false impression that the problem has been solved." The Kremlin's economic planners need no convincing: Georgia, where much of the people's effort is devoted to nonofficial pursuits, is a chronic laggard among Soviet republics in the official rankings of labor productivity...