Word: productively
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Dates: during 1970-1979
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...Though martial law has resulted in the loss of considerable political freedom, the Philippine economy after five years of stern rule appears to be performing relatively well. According to the government, unemployment has dropped from 7% to 4.5%, inflation is down from 45% to 7% annually, real gross national product last year increased by 7.6%. There is also widespread appreciation of the law-and-order the regime has established. Foreign businessmen, for instance, have been attracted by liberal investment terms and the fact that as a result of martial law there are no more rowdy private armies harassing them...
Senior executives at Chrysler are well aware of the consequences should their new models be viewed unkindly by the public. Product-Planning Chief Hal Sperlich is both cautious and cocky. "We are heading for an encounter of the third kind that can have tremendous consequences for us," he admits. Then comes the characteristic salesman's caveat. "Chrysler is the last of the big three to build a small car, and as my colleagues at Ford used to say, 'Last in, best dressed.' " Maybe. First sales results will be available in February, and if they are good...
...commercial prying has led to the phenomenon of the "reverse case." Aggrieved parties sue to prevent release of information-including product specifications, drug formulas, production costs and minority-hiring records-that they supplied to get Government contracts or licenses. There are now 79 such cases being considered in federal courts...
...coronation cost about $20 million, which was a bit much for a country whose annual gross domestic product (mostly from diamonds, cotton and timber) is only $250 million. Kenya's Sunday Nation wrote sarcastically about Bokassa's "clowning glory." Zambia's Daily Mail deplored the new Emperor's "obnoxious excesses." Bokassa was unfazed by such criticism, since he knows full well that others will end up paying for his little ceremony. The Emperor will accept aid money from anyone, and currently receives it from South Africa, China and the Soviet Union. The bulk of the largesse...
...being slightly more optimistic. But the members of the TIME Board of Economists have a special claim to attention: the predictions they made a year ago have been proved right, in one case to the last decimal point. Last December board members forecast that the real gross national product-that is, total production of goods and service discounted for inflation-would rise during 1977 by 4.8%; when all the numbers are added up, that forecast probably will be close to the bull's-eye. They also predicted that the unemployment rate at the end of 1977 would...