Word: quarters
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Dates: during 1970-1979
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...annual rate. In the second half, however, he expects "marked slowing" in retail food prices to bring inflation down to about 6%, resulting in a rise in prices of 6.5% for the year as a whole. Sprinkel makes a grimmer projection: inflation will top 7% in every quarter of 1978 and hit 7.6% in December. Says he: "We have thrown away all the gains against inflation we made in the recession and are off on another binge." He puts most of the blame on the Federal Reserve's easygoing and often erratic money supply policies. Sprinkel believes that...
Inflation also has been aggravated by the deterioration of productivity, which has been rising at a weak average annual rate of 1.2% in the past five years. Government can help revive it by unpeeling excessive regulations. Weidenbaum points to a Brookings report showing that one-quarter of the potential productivity gains have been lost in recent years to just two kinds of regulations: environmental and job-safety...
Board meetings, which under Burns started an academic quarter-hour late and dragged on like the flu, now begin promptly when Miller's digital watch shows the scheduled hour, then move quickly from issue to issue. One meeting lasted a record-short ten minutes. In 30 minutes two weeks ago, the board confronted and resolved four items of bank regulation. At another meeting, members agreed to permit transfers of money from savings to checking accounts, an issue that had been hanging around for two years. The vote was 6 to 0 - but only after Miller, a clever compromiser, crafted...
...quarter of the $900 million will come from the sale of older and thirstier 707s, 737s and 747s, and SIA will wind up with a fleet of no more than 32 jets. A further quarter will be provided by internal cash flow generated by its policy of using speedy six-year plane depreciation (vs. about 15 years for most U.S. airlines). The rest, or about $450 million, will be financed externally. Says Pillay: "We shall approach the Export-Import Bank for about $360 million and get the rest from commercial U.S., European and Asian banks." If any part...
...letters that Government agencies required in the past. But in postage alone, AMC will spend close to $40,000. Other costs could push the total bill to $3 million, a real burden for long troubled AMC, which earned only $2.7 million - peanuts for an auto manufacturer - in the last quarter...