Word: reals
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Dates: during 1960-1969
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...WARM UP. The partner who feels a fight coming on should ask himself, "Am I merely annoyed or really angry? Do I have real evidence? Am I ready to follow up with a specific demand for change in the status quo? What am I willing to compromise...
...forerunners of life. Singer is attempting to complete the theory while keeping one eye on the fast-moving Apollo moon program. "The idea is to try to work all this out before the moon samples are brought back and examined for evidence of such events. That's the real fun of it all-to be able to say 'I told you so.' In science, that's the name of the game...
Fresh Pinch. As much as they pleased the Europeans, such reassurances were even more welcome to Americans, who have seen inflation ravenously and relentlessly eat into their real income. Inflation is reflected in price rises that reached an annual rate of 4.7% in December. It is particularly burdensome for the poor, who are least able to adjust to the ever higher cost of goods and services. By making U.S. products costlier and less competitive on world markets, it has also hurt the nation's bal ance of payments. Inflation's grip is so tenacious that it will undoubtedly...
Breaking the Psychology. In trying to curtail inflation, the Nixon Administration hopes to decelerate the economy gradually, avoiding the kind of overzealous monetary restraint that helped bring on the last real recession in 1959-60 and contributed to Nixon's defeat by John F. Kennedy. The more immediate danger, however, is that any sign of an economic downturn may tempt the Government to let up too soon on the anti-inflation campaign...
...feeling that inflation is inevitable may finally be giving way to a touch of welcome uncertainty. In Paris last week, Federal Reserve Board Governor Andrew F. Brimmer predicted that the economy's real growth, which reached 5% last year, would slow to a rate of 3% or less by the end of this year. But many other economists and corporate policymakers predict an appreciably higher-or lower-rate of growth. When opinions divide and uncertainty becomes widespread, decision makers begin to act with caution, holding back buying plans. That tends to retard economic growth and inflation...