Word: output
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...reports came from the Geneva meeting of the Organization of Petroleum Exporting Countries that the producers would cut oil prices (see following story). The news buoyed hopes that inflation would remain low in 1985. In addition, the Labor Department reported that the productivity of U.S. nonfarm workers--their output per hour worked--rose at an annual rate of 1.7% in the fourth quarter of 1984, a sharp rebound from the 1.1% decline of the previous three months. For 1984 as a whole, productivity increased 3.1%, far more than the average annual gain of 1% from 1973 through 1983. Investors welcomed...
...troubles last October by cutting the price of its North Sea crude by $1.50 per bbl., to $28.50. Britain quickly followed Norway, which inspired OPEC member Nigeria to undercut both competitors and sell its oil for $28. OPEC tried to brake the price slide in October by reducing the output quota for its members from 17.5 million bbl. a day to 16 million in hopes that lower supply would mean higher prices. At the time, the group predicted confidently that as soon as oil refiners began building their stockpiles for winter, the global glut would evaporate. But aside from January...
Continued large deficits will also mean a slower rate of economic growth and a reduction in our future standard of living. Experience shows that the key to raising living standards is investment. New factories, offices and stores and new machinery and equipment increase the output produced by each employee. This higher productivity then permits the noninflationary increases in wages and salaries that enable employees to afford a higher standard of living. Budget deficits undermine such increases because they require the Government to borrow funds that would otherwise be available to finance investments in plant and equipment and in housing...
James' enormous output owed something to both his energy and his generous life span; he reviewed regularly for 51 years, and was able to comment on a new novel by Charles Dickens (Our Mutual Friend) in 1865 and a posthumous collection of letters by Rupert Brooke in 1916. Also, his career happened to coincide with an expanding market for his skills. Literacy on both sides of the Atlantic was spreading, and new publications in the U.S. and England rushed into life to meet the demand for reading matter. James profited from this development, but he also, with characteristic hedging, deplored...
...ready for use: the instructions. Many VCR manuals read as if written in a difficult foreign language. Printed in Japan, where most of the VCRS sold in the U.S. are manufactured, and replete with technical jargon, these booklets often contain such impenetrable prose as the following: "Never connect the output of the [recorder] to an antenna or make simultaneous (parallel) antenna and [recorder] connections at the antenna terminals of your receiver...