Word: reals
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Dates: during 1960-1969
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...much restraint can the economy stand? One indication came in a Los Angeles speech by Andrew Brimmer, a member of the seven-man Federal Reserve Board. Citing a study by the board's staff, Brimmer said that even if the nation's real economic growth slowed to practically nothing for one or two quarters, the result would be only a 0.2% rise in the jobless rate, now at a 15-year low of 3.3%. The findings reinforce the belief that the Nixon Administration will have a bit of leeway in which to move against wage-price rises without...
Fortunately, no jolting slowdown is expected. In its annual report, the President's Council of Economic Advisers foresaw a 6% gain (to $941 billion) in Gross National Product this year. Inflation should account for "a little more than 3%" of that growth and real output "less than 3% ." Real growth last year...
Though the nation faces serious difficulties in foreign trade, President Johnson last week again deplored protectionist sentiment in the U.S. "The only real solutions are ones that improve our economy-not ones that erect new barriers that could provoke retaliation," he told Congress. To help strengthen the U.S. dollar, he also asked for continued controls on private investment abroad. Nixon is likely to keep those controls in force...
...wealth goes far beyond share holdings. Not counting the churches and other properties owned by dioceses around the world - which are completely independent of the Vatican's financial control - the value of the Vatican's real estate holdings runs into billions. The Real Estate Department, which is not headed by Marcinkus, owns apartments in Rome plus land in the hills around the city. It has other properties in Europe, South America and the U.S. A third section in the Vatican's financial structure, the Special Administration Department, has handsomely multiplied the $83 million that Mussolini paid...
...there is a trend, it is toward the personal voice-the poet not only seeking his own identity but combatting society with that identity, the poet engaging the real world with more or less surreal imagery and ideas. Joined in that combat today are both well-known poets and those whose voices are just beginning to be heard...