Word: rated
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Dates: during 1970-1979
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...West Germany, Chancellor Helmut Schmidt's Social Democratic government, supported by powerful but reasonable trade unions, has largely held a noninterventionist course and ignored demands that the government cut taxes or raise spending every time a troubling economic forecast is issued. Result: West Germany's inflation rate is one-third as steep as the U.S.'s, its unemployment rate is only slightly over half as high, and the country's living standards are rising...
...federal spending as a proportion of the Gross National Product; 2) balance the budget over the length of the business cycle, accumulating surpluses in good years that can be used for tax cuts in hard times; 3) require the Federal Reserve Board to announce a "moderate and predictable" rate of monetary expansion-about 5% to 6%-and stick to it; 4) eliminate the personal income...
...struck in the 1970s, when gains started averaging half of that. They tumbled to 1.6% in 1977 and .4% in 1978. Now that most important measure of an economy's efficiency is showing the most alarming decline. Output per hour worked in private business dropped at an annual rate of 2.8% in this year's first quarter and 3.8% in the second quarter. Only the U.S.'s highly efficient farms stopped a much more dismal performance; not counting them, private productivity from April to June dropped at a 5.7% rate, the worst plunge since statistics keeping started...
...allowed in on a temporary basis to fill factory and public service jobs. But in Britain, by contrast, most of the minorities are citizens; moreover, fully 40% of the country's nonwhites were born in Britain, and that proportion is swelling fast as a result of a birth rate that is 50% higher than the national average. Yet there is an almost unconscious refusal to accept them. In the last major poll on racial issues, taken by Gallup in February 1978, 49% thought that nonwhites should be offered financial help to return "home," as if they were not already...
...police officers of Saitama prefecture, ten miles north of Tokyo. The sex directives are part of a 45-page code of conduct issued to 6,840 members of the Saitama police force. The handbook, which also includes strictures against drinking and bribe taking, was prompted by the rising crime rate among police in Japan. Following the rape-murder of a college student by a bachelor cop last year, one Tokyo newspaper sagely observed that despite the police force's proud record of professionalism, "under the uniform there is nothing but naked flesh...