Word: outputted
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...general, growth is slowing from the unsustainable 7% annual rate the economy hit at the end of 1993, but output of goods and services this year is widely expected to rise at least 3%. That is considered a sustainable rate that can continue to reduce unemployment -- which has fallen from a peak of 7.7% to 6.5%-without reigniting inflation. The most important dissent comes from the Federal Reserve Board, whose governors appear to think the economy right at the moment is growing a bit too fast. If the Fed does raise interest rates again soon, it will be to keep...
...corporations feeling the lash of foreign competition. Their drive to cut costs and raise productivity has other discomforting results too. Companies are raising sales and production largely by working their remaining employees longer hours or at a faster pace. Morgan Stanley figures that 55% of the gain in output during the early stages of past recoveries came from increased productivity -- but for the first three years of this expansion the number...
...cost cutting has its good side: it has held inflation in check. U.S. industry's labor costs per unit of output, a major factor determining the pace of price increases, actually fell at an annual rate of 3.2% in the last three months of 1993, causing some economists to scoff at the Federal Reserve's fears about a revival of inflation. ("What inflation?" Clinton growled to aides late last week.) meeting.) The Fed is on firmer ground, however, in its reported belief that too much of the recent economic growth has been fueled by cheap credit. Unable to stretch stagnant...
...poetry of William Carlos Williams. Not even children's books escaped her opprobrium. After meeting E.B. White, she read a copy of his Charlotte's Web and then reported that it is "so awful." She was hardest of all on her own work. Apologizing for her meager output, she begged Moore, "Can you please forgive me and believe that it is really because I want to do something well that...
Although the Lampoon officially states on its title page that it is published five times a year, Aboud said output varies depending upon the staff'sinclinations...