Word: per-year
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...least three years, Cowles has been sinking deeper into financial troubles. Losses in 1968 were $888,000; in 1969, they were $1,883,000. Last year Cowles closed down its Long Island daily Suffolk Sun (a reportedly $5,000,000-per-year loser). Earlier this year, it sold the San Juan Star in Puerto Rico to the Scripps-Howard chain...
Today's stubborn inflation, according to Friedman and his adherents, has been greatly magnified by Federal Reserve Board mistakes. From April 1965 to April 1966, the money supply expanded at an abnormally high 9½%-per-year rate, even though inflation was on the rise. Too late, says Friedman, the board reversed itself too emphatically, and caused the "credit crunch" of August 1966. In 1968, the board, fearful that the tax surcharge would overburden the private economy, increased the money supply at an average annual rate of 10%?almost twice the rate that the economy could absorb without inflation. Then...
...capacity of up to a million tons a year. He also offered to provide help on a nuclear power plant at Ruppur in East Pakistan, a radio hookup between Pakistan and Russia, and a fishery development. Most of them planned for completion after 1970, these projects should provide a big boost for Pakistan's next five-year plan, which begins that year. The present one, even though slowed down by the war with India and a two-year drought, is producing very close to the target of a 6.5%-per-year growth in the overall economy. Agriculture is even...
...both lender and borrower but have also devised faster and cheaper ways to operate. While FHA generally takes nearly two weeks to pass on an application for home-loan insurance, M.G.I.C. makes up its mind in 24 hours, charges only about half of FHA's costly ½%-per-year premium on the declining balance of loans...
...start TIME, but after a grueling year of canvassing friends and relatives, they could raise only $86,000. They went ahead anyway and somehow, with a small but aggressive staff of writers, turned out the magazine's first issue. An extraordinary number of prominent men plunked down the $5-per-year price to receive TIME, including Theodore Roosevelt Jr., Walter Lippmann, Herbert Bayard Swope, Edward W. Bok, the Catholic Archbishop of Baltimore, and half a dozen college presidents...