Word: paces
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Dates: during 1980-1989
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...trade gap--economic theory be damned--keeps right on growing. Last week the Government reported that the trade deficit hit a record six-month level of $83.9 billion. June's trade imbalance was almost identical to the one posted in May. If the deficit keeps expanding at the current pace, it will total $168 billion by year's end, a 13% increase over 1985's record level. Plainly, the widely expected turnaround in the balance of trade is now overdue. Says Walter Heller, chief economic adviser to Presidents Kennedy and Johnson and one of many economists who had predicted that...
...them are aware that the sport's greatest heroes race in teams and can make as much as a star quarterback. A subtle, rolling chess game in which teammates devise strategies to wear out and hold back opponents, share the fatigue of breaking a head wind or control the pace to protect a team leader, cycling is built on intricacies as unknown to most Americans as particle physics...
...companies with a debt burden that could be fatal in a recession. Another development that may derail Kohlberg Kravis is the federal tax reform movement, which appears likely to limit some of the write-offs that help make LBOs such lucrative investments. That prospect has already slowed the pace of most Wall Street LBO specialists, with the notable exception of Kohlberg Kravis...
Stepping somberly to the podium in a blue-carpeted Washington briefing room last week, Commerce Secretary Malcolm Baldrige confirmed what many businessmen already knew through painful experience. The pace of U.S. economic growth, Baldrige revealed, took a sharp downturn in the second quarter, as American manufacturers continued to be hurt by a high level of imports. After expanding at a 3.8% annual rate from January to March, the gross national product increased at only a 1.1% pace between April and June, the slowest climb since the recession year...
...paid according to their output. Today's version of piecework comes into play when employers set quotas that they want workers to meet under the new monitoring systems. Labor leaders contend that the working speeds are often set according to how fast the equipment can go, rather than what pace is comfortable for an average employee. Says Joseph Weizenbaum, professor of computer science at M.I.T.: "There is a widespread notion among employers that it is bad ever to let the computer wait -- ever to let it sit idle. We should realize that a few seconds aren't going to matter...