Word: productive
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Dates: during 1960-1969
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...that report the President looked back in perspective, taking the start of the Kennedy Administration as his base point. During that period, he said, the gross national product rose from about $500 billion early in 1961 and passed the $600 billion mark, for the first time...
Money Making Money. Tourism, of course, is still king, and the Bahamians know that the islands will never support heavy industry. Says Sir Stafford Sands, 50, Minister of Finance and Tourism: "We're best off selling the product we have-the world's best climate plus easy accessibility to the world's biggest travel population." Drawing 546,000 tourists last year, the Bahamas doubled Bermuda's tourist intake, outdrew Jamaica 3 to 2, and ranked only behind Puerto Rico in total Caribbean tourist trade. Some Bahamians feel that their archipelago will soon outstrip Puerto Rico...
...tobacco business faces a dilemma that no huge industry has ever before confronted. The cigarette, its prime product, is increasingly under fire as a peril to life and health; yet it continues to enjoy a king-sized market. While many of the nation's 70 million smokers may be trying to quit, the tobacco industry has no intention of doing so. After the Surgeon General's report, the cigarette makers last week withdrew behind a smokescreen of secrecy and agonized over the next line of defense...
Otto Eckstein, professor of Economics, last night termed the budget "realistic." He said that the estimated 5 per cent growth in Gross National Product should reduce the unemployment rate among members of the labor force to about 5 per cent. The current level is over 5 per cent...
John V. Lintner, Jr., professor of Business Administration, said Wednesday that the Administration's estimate of a $623 billion gross national product for the fiscal year 1964 is probably quite accurate, assuming that the proposed tax cut is enacted. He said that he had arrived at a similar figure as early as last October...