Word: nationalizes
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Dates: during 1970-1979
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...news broke like a shaft of sunshine through an otherwise stormy week for the economy. After seeming to hover around 7% for eight months, the nation's unemployment rate in December fell to a seasonally adjusted...
...believes it was "physically impossible" for 1.3 million new jobs to be created in November and December, which is what the Administration says happened. But even Eckstein concedes that unemployment is indeed coming down, and President Carter naturally hailed the news with delight. He cautioned, though, that the nation still needs the tax cut of $25 billion a year that he will propose to keep economic expansion rolling into next year...
Other developments indicate that Carter will have a tough job satisfying the nation when he lays out his economic policy this week. The President in rapid succession will deliver a State of the Union speech focused on economics, send an economics message to Congress, detail his tax-cut program and put the finishing touches on the federal budget for fiscal 1979. Both liberal and conservative economists agree that the main weakness in the President's program so far is his failure to develop an effective anti-inflation policy. As if to underscore the point, the Government reported that wholesale...
...businesses as restaurants, garages and small retail shops, to youths doing part-time chores for pin money, and to the employment of illegal aliens and retired people who also collect Social Security checks. Ultimately, Gutmann feels, the subterranean economy, like black markets around the world, was created by the nation's cobweb of employment restrictions and tax rules. Coupled with a new-morality spirit of what he calls "selective obedience to the law," they encourage Americans to cheat the System when they can get away with it. Unless the Government faces up to the figures and to the need...
...just-released study by the National Institute of Education, titled Violent Schools-Safe Schools, confirms the problem in detail. Commissioned by Congress in 1974 in response to tales of classroom horror, the 247-page report offers a slightly encouraging note: violence has tapered off in the 4,000 schools profiled since the early '70s. Nonetheless, the report notes that 25% of American schools, about 20,500, suffer from moderately serious to serious problems of vandalism, personal attack and thievery. In 1978, it estimates, one out of every nine secondary school students will have something stolen in a typical month...