Word: lifts
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Dates: during 1970-1979
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Inflation Down. Many other factors should contribute to the G.N.P. surge. Eckstein predicts that businessmen wil increase their inventories by $9.5 billion v. $3.5 billion this year. Taking advantage of the investment tax credit, businessmen should also lift their capital spending by $7 billion. And because of a backlog in demand, a rise in the housing industry should add a further $6 billion to G.N.P. growth. Besides all this, state and local government spending should go up at normal rates of about $13 billion...
Overall, a $100 billion increase would lift the G.N.P. next year to about $1,150 billion from this year's probable total of $1,050 billion-which is well off the Administration's original expectation of $1,065 billion. Put another way, the current year's rise over 1970 will be a disappointing $76 billion. More than half of that gain is illusory, merely reflecting the rate of inflation. Not counting price rises, the "real" growth of the economy in 1971 will probably amount to only about...
...work of faith or art, though, Mass is catchy rather than compelling, weakest when it should be strongest-that is, at those moments when the proceedings are meant to be at their most serious. It is significant that when, at one point on opening night, the celebrant lifted his arms and intoned, "Let us lift up our hearts and pray," a handful of the spectators rose and bowed their heads. Everyone else remained seated, not sure how serious or how literal a consecration of the Kennedy Center was intended...
...Cody airport isn't nearly so nice, and after a day of waiting in vain for another lift, I hop a commercial flight ($37 youth fare) to Denver. That night, with a bit of help from friendly mechanics, I snooze in the pilot's lounge...
...discouraged," says one mechanic. "We'll look out for you." They do. Early the next morning, a pilot sticks his head in to ask if I would like a lift in his Gulfstream jet across the Rockies to Grand Junction, Colo. I would, and 300 miles later we're there. He arranges for a hop with an oilman to Los Angeles on Monday...