Word: producted
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Georgia Senator Sam Nunn called the recipe a "perfect specification, cost-is-no-object" fruitcake. Pentagon officials replied that the elaborate instructions ensured product consistency. The cost worked out to a reasonable $1.51 per lb. About 75,000 lbs. were shipped to U.S. troops, who had no complaints, organoleptically or otherwise...
Halfway through 1985, the nearly three-year-old economic recovery seemed about to end. Second-quarter growth in the gross national product was a slow 1.1%, compared with 3.7% in the previous period. But the low level of inflation, about 3.5% for the year, enabled the Federal Reserve Board to ease up on interest rates. "The Fed is riding to the rescue," Economist Walter Heller said in May. As a result, more credit began flowing to businesses. Between April and July, the prime rate fell by a point, to 9½%, where it ended the year...
...stock surge was in part the product of encouraging economic signs: falling interest rates, low inflation, sagging oil prices, a declining dollar that will help reduce the U.S. trade deficit, and enactment of the Gramm-Rudman law to slash the federal budget deficit. The market was also driven by merger fever, as opportunistic investors pushed up the prices of companies thought to be takeover targets...
Although the interferon sprays caused irritation and minor nasal bleeding about 10% of the time, the main drawback of the treatment is likely to be price. Schering will not discuss the current cost of its interferon, but according to a spokesman, the company hopes "to have the product at an affordable level after FDA approval," which could take months or even years to obtain. Unless the price of interferon drops substantially, its most practical use may be to protect those most endangered by colds: people with asthma, cancer patients whose resistance is low and the elderly...
That there are fights over soap and bananas in Libya, which has a population of only 3.6 million and a per capita gross national product of about $8,000 (vs. $9,000 in Britain), is the result of both softening demand for petroleum and poor economic planning. Oil revenues are down from $22 billion in 1980 to an anticipated $8 billion this year. "The cash-flow problem is hurting," said a Western diplomat in Tripoli. "It is like taking a 60% salary cut and trying to keep up with the payments on the house and car." Some construction contracts have...