Word: pump
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Dates: during 1970-1979
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...Northern attitude is myopically stingy. Almost every industrial nation is caught in an economic bind. Unemployment is unacceptably high, yet efforts to bring it down by stimulating the domestic economy through tax cuts and heavier government spending might pump up already high inflation. Selling more goods to other industrial nations is no answer, either. It leads to furious charges that the exporting country is destroying jobs in the importing nation; witness the anger in the U.S. and Europe against Japan's export prowess...
Meanwhile, 6 million would-be workers-nearly all unskilled, and disproportionately concentrated among the young and black-remain jobless. What can be done for them? The answer decidedly is not to pump up the whole economy with more federal spending, bigger tax cuts or a faster rise in the money supply. That would only set off a further competition among employers to hire the skilled at inflationary wages...
...have issued similar denials--making it clear that SAGA, for the time being at least, is not the type of club where you can find the cream of the academic elite hanging around. Add to that the fact that up to now, the Pentagon brass have been reluctant to pump any really big money into massive simulation projects, as they were so happy to do 15 years ago. For now, then, SAGA is still just playing games...
...Commerce Department, figures that state and local spending for sewer, water and recreation facilities will rise at least 10% this year. Texas, enjoying a surplus of $3 billion, plans no tax cuts (it has no income tax anyway). But during the next two years, it will pump increases of $1 billion into schools, $900 million into medical education, $528 million into roads and $525 million into health and welfare spending. Wisconsin will use $62.5 million of its surplus ($437 million for the 1977-78 biennium) to fund programs to reduce water pollution, and Arizona might spend part...
...plant by late this year will crank out nearly 800 Rabbits a day (200,000 a year), employ 4,000 people, pay them $50 million annually and pump an additional $50 million into the local economy by stimulating employment in auto-related industries. Already, says Plant Manager Richard Cummins, VW is doing business with some 1,800 Pennsylvania firms. If all goes as planned, VW will be assembling its U.S. Rabbits mostly from U.S.-made parts by next year, with only engines and transmissions coming from Wolfsburg, West Germany. In economically depressed Lewistown, Pa., for example, C.H. Masland...