Word: propellents
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Still, the board generally agreed on the picture for the rest of 1973: sheer momentum will propel the gross national product to a new peak of roughly $1,282 billion, a gain of $130 billion from 1972. Last week boom euphoria even lifted the battered stock market; the Dow Jones industrial average leaped 29 points on Thursday, its biggest one-day jump in 21 months. The rise partly reflected news that U.S. international trade has swung back into surplus...
...time threatened to enter the realm of pure camp. Steinberg has had several shows, there was a Thomas Nast revival some time ago, and well-known commercial cartoonists are now able to sell their originals with relative ease. David Levine, whose caricatures of political and cultural figures helped propel The New York Review of Books into its ascendancy, is probably the best known figure. New York Times theater cartoonist Al Hirschfield, who specializes in seeing how many times he can scrawl his daughter's name into the details of his illustrations-- he indicated the number beside his signature--is currently...
...realized. The musical is loaded with energy (and this is what makes it exciting) but its vehicle is wobbly and occasionally amateur: there are so many good ideas in this show that they cannot all work, because there is no over-riding unity to propel the whole...
MONEY POLICY. The Federal Reserve Board's 7.4% expansion of the money supply last year proved to be just enough to propel the economy without fueling inflation. Now some experts are becoming nervous because the Federal Reserve, under Chairman Arthur Burns, shows signs of tightening up. Otto Eckstein, head of Data Resources Inc. and a member of TIME's Board of Economists, fears that the Fed some time this year may reduce the rate of money increase to 3% or 4%. If that happens, he warns, by 1974 "the Fed will kill the boom." On the other hand...
...rating game" is here in full force. Throughout the country, athletic programs, coaching staffs and public relations departments are geared for the hard-sell publicity type to propel their football teams to national ranking. Competition for votes, trophies and poet season bowl invitations has reached unprecedented levels...