Word: outputs
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
While the President was at Camp David, his economic advisers made it official: the U.S. is in an inflationary recession. National output, they predicted, will shrink 0.5% this year; prices nonetheless will climb 10.6%, and the number of jobless may grow by 1.3 million, to around 7 million late next year. The inflation is being fanned and the recession worsened by large OPEC oil price boosts that underscore the debilitating U.S. dependence on imported petroleum. Carter was earnestly aware, if the people of the U.S. were not yet, that the nation must find some way to start breaking that dependence...
...mass transit crisis defies quick solution. One reason: a serious shortage of capacity to build new equipment. Of the 16 firms that made big buses four decades ago, only four are left, and of them only two- Grumman Flexible and General Motors- are making city buses. Their combined output is fewer than 3,000 a year. Hence the U.S., which will need at least 36,000 new buses during the next four years, will have to turn to foreign manufacturers...
...what to do, and a bewildered and increasingly frightened public. Carter will surely make another strong pitch for a standby gasoline-rationing program and his windfall-profits tax on oil companies, to accompany the decontrol of domestic oil prices that he hopes will arrest the decline in U.S. oil output. That scarcely adds up to a sweeping program. Unhappily, the only group that seems to have a clear idea of how it wants to manage the energy crisis is OPEC...
...direct levy of fully $747 per year on every American taxpayer. To keep consumer spending from going into a freefall, the Government may be forced to chop its own receipts instead. But doing so would widen the federal deficit and pump yet more inflation into the economy even as output is declining. Quite a bit of U.S. economic policy is being made as much in Riyadh and Tehran as in Washington...
...come from a combination of more tax incentives for buying home insulation, wood-burning furnaces and other oil-conserving devices, and much stiffer mandatory conservation rules. A number of innovative companies, including Du Pont, A T & T and General Motors, have reduced their energy use relative to their output by 17% to 30% since the Arab oil embargo of 1973; yet many more firms have gone on giddily wasting energy. Consider the beneficial effects of a 20% surtax on the commercial use of electricity: skyscrapers that are lit up all night long and advertising signs that glisten...