Word: quarters
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Dates: during 1970-1979
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PRODUCTION. Real G.N.P. next year will average a mere 2% higher than in 1978, and most of the growth will occur in the first quarter. By spring, or summer at the latest, output will turn down. Housing, as willingness to risk recession in order to reduce U.S. inflation...
...most important distinctions in reporting growth, inflation or jobless trends is whether they are calculated "year over year" or "fourth quarter to fourth quarter." The difference can be substantial. Say that the economy rises fast during one year but is absolutely flat the next year. Even so, the averages would show a fairly strong year-over-year rise...
...year was about 105, and the average for the second year was 110. Thus, when measured on a year-over-year or average basis, the second year would show a gain of about five points over the first. Of course it would be more accurate to use the fourth-quarter-over-fourth-quarter measure, which would show no rise. If the forecasts of TIME'S Board of Economists are correct, next year's G.N.P. will rise about 2% year-over-year but will not increase at all in a fourth-quarter-to-fourth-quarter measure...
...rails to note in any way Charles Engelhard's role in fostering racial injustice. Perhaps it is necessary to include a brief reminder to him and any others who believe the Engelhard issue is less than clear cut. Charles Engelhard parlayed an inheritance of twenty million dollars into a quarter of a billion fortune through his chairmanship of Rand Mines which controlled an estimated fifteen per cent of the South African gold mining industry during...
...final quarter, the Bombers outscored the hoopsters, 20-13, but a Crimson squad made up mostly of substitutes held on for the 62-51 triumph...