Word: offs
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Dates: during 1970-1979
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Meanwhile, shortages have begun turning up everywhere. Aluminum is in short supply, and such companies as Boeing and McDonnell Douglas must place their orders far in advance to have enough on hand to meet aircraft delivery schedules. Metalworking machinery is also scarce, as are the steel forgings needed by automakers...
> In Britain, Margaret Thatcher's Tory government was swept into Office in May on a tide of popular fury at the dismal results of Labor rule and is now rapidly unwinding much of the high-tax, nationalized welfare state. Income tax rates have been reduced from a top of 83...
Protectionism is the heart of the productivity problem, he believes, because resources are blocked from moving from sluggish industries to more productive ones. He favors pulling investments out of "sunset" industries and allowing them to go under, while providing generous aid and retraining programs to laid-off workers. Says Thurow...
In his own specialty of international monetary policy, Dornbusch opposes the efforts of the Federal Reserve and foreign central banks to prop the dollar's value by buying up billions on the international money exchanges. His preference: let the dollar float freely until it reaches its real market value...
There's a million things that you can do To help head off the crunch, From hit your nail right on the head To skip your business lunch, Suggest a better way at work, Write the press a note; Remember when we disagree that We 're all in...