Word: product
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Even so, forecasters were not prepared for the burst of alarming signs that flashed from Washington last week. The most worrisome was a Commerce Department announcement that the gross national product had grown at only a 1.3% annual rate in the first quarter of this year. That was well below the sluggish 2.1 % estimate that the Government issued last month and the smallest GNP gain since the .5% increase in the final quarter of 1982. Noted Walter Heller, chairman of the Council of Economic Advisers under Presidents Kennedy and Johnson: "The economy is pretty weak at the moment. We have...
...history. Stockman has seen the deficit grow from $58 billion in 1981 to considerably more than $200 billion this year. Although some economists say that the importance of the deficit figure is overrated, most express a real concern that it now equals approximately 5.5% of the gross national product, up from 2% in 1981. The debt racked up by the budgets Stockman has overseen equals that accumulated under all previous Administrations. Even though the amount going to domestic programs will be sharply reduced in real terms, Government spending has gone up 25% since Reagan took office and now accounts...
...year projected a 1985 deficit of $181.1 billion and heading down. When the books close on fiscal 1985 this October, the deficit will be more than $200 billion and rising. It has become a standard, and dangerous, practice in Washington to proclaim budget reductions that in fact are the product of phony numbers that never translate into reality...
Keough denied a widely held belief that the company had brought out new Coke as part of a deliberate, Machiavellian plot to create support for the older product. Said he: "Some critics will say Coca-Cola has made a marketing mistake. Some cynics say that we planned the whole thing. The truth is, we're not that dumb, and we're not that smart...
...exercise in coming to terms with death is leavened by humor—Dr. Bearing seizes all opportunities to display her own capacious wit, even mocking her deathbed scenes (“I never thought my life would be this corny”). The overall tone of the production, however, is grim; the jokes are more of a defense mechanism than the product of a genuinely insouciant attitude toward life...