Word: output
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Through the 1960s, output per man-hour worked?the conventional, though not entirely adequate, way by which productivity is measured?rose on average about 3% a year, a healthy pace that had been maintained since shortly after World War II. In the '70s, productivity growth has averaged only about half that. Some economists long hoped that the slowdown was a cyclical fluke, caused mainly by the recessions of 1970 and 1973-75 (recessions always hurt productivity because companies run high-powered machinery at a slow pace and keep on the payroll workers who do not have much...
Rising consumer confidence should boost demand, predicts the OECD, lifting total output of goods and services by 3.5% in Europe, vs. 2% in the U.S. Demand will also increase because West Germany and Japan are moving to stimulate their powerful economies, opening their markets to imports from less affluent trading partners. West German tax cuts and other expansive measures will amount to $8 billion this year...
...encouraging performance in the victory was freshman Gilian Raney's 12-point output as she ham-and-egged with Carle on the Crimson's deadly fast break...
...sure, there were problems within these Projects. Much of the output was undistinguished; many Theatre Project productions seem in retrospect one-dimensional, too self-consciously didactic. And conflicts, perhaps inevitable, arose between artistic purpose and political pressures. The political content of the Theatre Project drew the wrath of Congressional critics and ultimately contributed, at least in part, to the withdrawal of Congressional funding in 1939. Nor were pressures only external: despite the "uncensored" mandate, productions thought too controversial were occasionally postponed. By 1938, Welles and Houseman had left the Project in just such a dispute...
...supply. The impact of the dead stop in Iranian oil shipments has not yet been felt, even in South Africa (which depends on Iran for 90% of its crude) or Israel (which relies on Iran for 70%). Saudi Arabia has made up much of the slack by expanding its output from 7 million bbl. per day to a maximum capacity flow of 11 million...