Word: rated
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Dates: during 1970-1979
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...rate, Bowersock is not overly impressed by the Economics Department's non-performance. "I have the impression they don't care very much," he observes, adding, "They haven't even bothered to make up their own excuses." If the department did make any progress toward satisfying the legislation's requirements, Bowersock said, "I suspect it was accidental...
...even the populist Carter Administration has backed Volcker's high-interest policy. Yet banks have had plenty of money to lend anyway-perhaps too much. In the past month, the money supply has grown at an annual rate of 11.5%. Beryl Sprinkel, executive vice president of Chicago's Harris Bank, argues that this "hemorrhaging" must be stanched if inflation is ever to be curbed...
TIME's board predicts only moderate relief. The peak of inflation has been reached, but the road down will be slow. David Grove, a private consultant and former chief economist for IBM, foresees a 1980 inflation rate of 9.5%, or double the level of only three years ago. Says he: "Inflation will continue as long ahead as we can see." Okun maintains that the latest surge of inflation has placed the economy on a higher price plateau, where it will stay for years to come. Even after the recession is over, he predicts, prices will be increasing...
...world that does not in any way match his optimistic projections of things to come. Whether trying to adjust to the automobile, a Big Mac or a Mickey Mouse telephone, Wells is a consistently appealing figure. After playing lots of reprehensible characters (A Clockwork Orange) McDowell exhibits a first-rate change-up. Even more surprising is Mary Steenburgen as the junior bank officer who converts both the Ripper's and Wells' antique pounds into dollars and is thus the crucial link in their chase. Her portrayal of a liberated woman fighting and loving in two centuries...
...week's end the plan was to cart off the tritium to the Navajo Army depot, a federal munitions dump near Flagstaff, Ariz. There it could be processed for sale, fed at a safe rate into the atmosphere or dumped at a nuclear waste site. But when a Flagstaff judge issued a restraining order against the transport, its destination became dubious...