Word: median
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...median forecast of the board members is a modest growth in the economy of about 1.3% during 1981, including a decline of about .3% between January and June. They foresee the economy recovering at a growth rate of slightly less than 3% during the second half of next year...
...living than elsewhere in the country. "The newcomers end up with more house, on a larger lot, with more amenities, and still have money left over," says Tucson Developer Peter Herer. The median price of a home there is $65,000, only two-thirds the price in California's Santa Clara Valley. Wages also tend to be lower-an electrical technician in San Jose, Calif., makes an average of $9.77 an hour; his non-union colleague in Colorado Springs makes $7.84-but there are many other compensations. As Albuquerque Mayor David Rusk told TIME Correspondent Michael Moritz: "Refugees from...
...Angels and similar roughriding biker types ten years ago, had a couple of random hit singles, endured several massive changes of personnel and finished out the '70s as one of the flushest, smoothest groups in pop rock. The Doobies, in fact, define as well as anyone that median straight down the middle of the road where pop meets rock and the bucks are made...
...residents are supported by public assistance: welfare, food stamps, social security, unemployment insurance or some other government program. Two years ago, Community Board 5, one of the six community boards of the South Bronx, had the highest welfare dependency rate in the United States. The 1970 census revealed a median annual income of $5,500, with $7,183 considered the baseline for a "low" standard of living in the New York area. At that time, 70 per cent of the teenagers in this community were out of work...
...false signs of a rebound. Said Republican Alan Greenspan, the head of a New York-based consulting firm: "I would expect that the incipient recovery will stall within the next eight weeks." The economists generally predicted that U.S. business will be sluggish next year. The board's median forecast for 1981 anticipates growth of 2.7%, although individual predictions ranged widely. Republican Murray Weidenbaum, director of the Center for the Study of American Business at Washington University in St. Louis, forecast a relatively brisk 4% expansion, but independent Economic Consultant Robert Nathan projected an all-but-invisible expansion of only...