Word: rate
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Dates: during 1970-1979
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Today's match will mark the first time a Harvard team has ever played Maryland, a result of Fish's beefed-up scheduling program. Perennial contenders in the tough Atlantic Coast Conference, the Terrapins rate as slight favorites to defeat the visiting Crimson...
...panel of leading authorities on Chinese food policy concluded last night that China's plans to increase its annual agricultural growth rate to 4 per cent by the year 2000 are impractical...
...Peter Timmer '64, professor of Food and Agriculture at the School of Public Health, said China's hoped-for agricultural growth rate over the next 20 years would increase China's role in the distribution of world food supplies...
Brown is right on one count--technological progress, leading to increased productivity of labor, is the main source of growth in per capita income (as well as sectoral unemployment). But the only governmental remedy to America's declining rate of technological change would be to spend more, not less; to subsidize the turnover of older, less world-competitive industries that can still operate profitably in the protected domestic market, like steel, or to encourage research and innovation. NASA is a prime example of an effective technology-producing government agency that is highly susceptible to budget-slashing...
Cutting back on government spending may not make economic sense for other reasons. It is highly possible that the principal effect of a balanced budget--a recession of aggregate demand--would serve only to decrease investment in the U.S., as recessions historically do, without lowering the world or domestic rate of inflation permanently or appreciably. Any decline in social services for education is also a decrease in investment in human capital. The further deterioration of the established cities of the northeast will bring economic costs in policing, replacing, or repairing them, to say nothing of the potential waste in people...