Word: one-month
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...interest rates down unless the Government curbs its deficits, which Budget Director David Stockman has warned may top $200 billion annually "as far as the eye can see." Figures released last week showed that in May the Government spent $29.3 billion more than it took in, the biggest one-month deficit in U.S. history. As the economy expands in 1984 and 1985, the Goverment's borrowing needs could clash with loan demands by private businesses. Such a conflict would give Volcker only two choices, both unpalatable. He could either boost the money supply enough to accommodate the deficits...
...chairman of the Council of Economic Advisers, said that the Administration would soon hike its forecast for this year's G.N.P. growth rate, from 3.1% to perhaps 5%. That optimism was buoyed by the news that the index of leading economic indicators jumped 3.6% in January, its biggest one-month gain in nearly 33 years. Oil prices could be magical at keeping inflation down. At $30, the price, adjusted for inflation, would be only 28% above its 1974 level...
...fires, which occurred within a one-month period, gutted the old Francis Allyn House at 1564 Mass...
Besides the clerkships in medicine and surgery, third-year students must now take one-month terms in neurology, obstetrics and gynccology, pediatrics, psychology, and radiology, and two weeks each in orthopedics, dermatology, opthamology, and ear, nose and throat...
...prices declining at an annual rate of 3.3%, was the first such drop since August 1965, and the sharpest rate of decline since 1953. Skidding gasoline prices, which little more than a year ago were marching briskly upward, led the decline. They dropped 4%, one of the steepest slips ever recorded for a one-month period. As of last week, a gallon of gasoline was selling, on average, for $1.18, the lowest level since January...