Word: outputted
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...inflation since 1979. But last week the Government disclosed that the combination of bad weather and a controversial farm-subsidy program may augur steeper increases ahead. Based on an Aug. 1 survey, the Department of Agriculture estimated that the 1983 corn crop will be only 5.24 billion bu. That output would be 38% below last year's record level and would represent the smallest harvest since...
...prevailing opinion among economists is simply that the recovery from last year's recession has finally reached the point at which employers need more hired hands to maintain rising output. Says Richard Peterson, senior vice president of Continental Illinois National Bank in Chicago: "Businesses found themselves having to call workers back into the plant sooner than they thought they would to build up inventories depleted by fantastic sales." In the opinion of Bent Hansen, chairman of the economics department at the University of California's Berkeley campus, employment is belatedly catching up to increases in production that were...
Relatively nonpartisan economists are less concerned about inflation than they are about the threat that a rapid recovery will cause a collision between the borrowing needs of business to finance rising output and the demands of Government for borrowing to cover deficits. This would force up interest rates enough to make the U.S. recovery self-destruct-to say nothing of the baneful effects of high American interest rates, and the concomitant strength of the U.S. dollar, on foreign economies (see ECONOMY & BUSINESS). The speed of the recovery indicated by the latest unemployment figures, says Lawrence Chimerine, chief economist of Chase...
...Lithuania. But they will give local managers in these target factories a greater role in setting their own production goals. In an effort to halt the decline in exports of manufactured goods, which accounted for only about 13% of all 1982 exports, managers will also be expected to measure output more in terms of quality than quantity...
Awash in grain, Washington began the Payment In Kind program to cut down on the huge surpluses by encouraging farmers not to plant. PIK has reduced the oversupply of some crops, and wheat output is expected to drop from 76.4 million tons to 66.3 million tons this year. But wheat stocks are nonetheless expected to rise, even with fewer acres planted...