Word: productivity
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Dates: during 1970-1979
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Underlying Taiwan's optimism about the future is the island's burgeoning economic strength. Last year the republic had a 12.8% real growth in gross national product, based largely on a foreign trade of $23.7 billion, greater than that of the mainland. Two-way trade with the U.S. amounted to $7.4 billion, making Taiwan America's eighth largest trading partner. Total foreign investment, mainly from the U.S. and Japan, is $2 billion. Though some of this dates back to the 1950s, about $500 million has been invested so far in 1979 alone. Some American companies, including Ford...
During the recession, TIME'S economists expect, the real gross national product will decline by only 1% or 2% before recovering next spring. Still, that will be enough to weaken loan demand and cause overall interest rates to turn down. The economists expect the banks' prime lending rate to rise from the present 11¾% to 12½% or 13% in early summer, and then decline, perhaps sharply. Thus, the stock market should rise later this year. Wall Street rallies often begin during recessions...
...Implicitly, in refusing to give students a ruling say over whether or not to boycott a product, Harvard makes a judgment that Stevens is not a serious enough issue. I do not make that charge lightly, because it is manifestly clear that many everyday decisions of the University represent decisions on moral, social and political matters larger than the narrowly-defined educational process. You mention in your letter the effect on the community of decisions to construct new buildings, as well as treatment of minority students and applicants...
...Smith represent a single tradition in popular music-that of the talking singer. Both like to patter over a light drum beat or bass line, in the manner of a Jim Morrison. For Smith this practice masquerades as high poetic art; for Reed it seems to be more a product of his declining vocal resources. His last album, Take No Prisoners-a live, double-record set-consisted mostly of Reed chattering with and occasionally insulting his audiences...
...good to be just a fluke, too tender to pass completely for the street-wise character she likes to play in her songs, too unexpected and far too unlikely to be a product of some commercial calculation. Jones' sound, respect, gracefully oldtime, never turns antique. She likes Van Morrison, Marvin Gaye and Laura Nyro, but she also talks of Peggy Lee and Sarah Vaughan with respect, performs a stops-out version of an old Louis Prima tune to close out her concerts. Her songs have their origins in, and owe a friendly debt to, the work of such...