Word: mild
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Dates: during 1970-1979
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...will be short, mild and help curb prices, say TIME'S economists
...become a self-fulfilling prophecy." But among the ten members of TIME'S Board of Economists, only University of Minnesota Professor Walter Heller will give even fifty-fifty odds on avoiding a downturn. The others all agree that there will be a recession, but that it will be mild and brief, lasting only two or three quarters and at worst dragging real G.N.P. down at an annual rate of only 1% to 2%. All this will dent inflation-but only a bit. To ensure that inflation will continue to decline even after the recession ends, economic growth will have...
...their three daughters three years later to settle in Milwaukee. As a teenager, Golda was already interested in politics, encouraged by the example of her elder sister Sheyna. Intent on becoming a schoolteacher, Golda ran away from home to live with her sister in Denver. There she married a mild, intellectual sign painter, Morris Myerson, whom she argued into emigrating to Palestine in 1921. They lived for two years in a kibbutz (where Golda promptly took over and reorganized the communal kitchen), then moved to Tel Aviv and later Jerusalem, where their two children, Menachem and Sarah, were born...
...winter weather usually brings bleak news about the nation's energy supplies, and now it is beginning to seem as if mild temperatures and sunny skies do the same. That, at least, is one way to look at the hooded pumps and OUT OF GAS signs sporadically popping up at service stations around the country...
...would a recession in 1979 be likely to hurt the industry much. Cosmetics sales traditionally continue rising during a mild economic downturn, and dip only slightly in a severe one. Some top-of-the-line items benefit from hard times: a man who wants to give a woman a stunning gift but decides that a $150 handbag, say, would leave his wallet too thin, may select a $50 bottle of perfume. In the low-priced field, remarks Bergerac, any woman can spend $2.25 for a lipstick that will brighten her mood as well as her appearance. Says he: "When things...