Word: result
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Dates: during 1960-1969
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...billion a year (sixth largest single item in the federal budget) that the nation pays to ex-servicemen who feel that something is their due for having been drafted. Savings in training costs could run to $750 million a year, according to the Department of Defense; another economy would result because the proportion of time spent in training would be smaller in relation to a volunteer's long hitch than to a draftee's quick in-and-out. More basically, the extra cost of a volunteer army would be more apparent than real, because paying servicemen wages lower...
...sold and com pletely reworked them. He called the process "ripening" and likened himself to an inchworm reaching out tentatively into space from the end of a leaf. "I am trying to find something out there beyond the place on which I have a foot ing," he said. The result was that each canvas, with its endless layers of paint drying at different rates, was sure to crack and darken with...
...success of A.P.'s Special Assignment Team demonstrates a journalistic truth that the daily press still too often ignores: in an age of complexity, depth is often more necessary than speed. This kind of reporting may be more expensive and more exacting, but its result is also more satisfying. Team Editor Stephens insists that "we're having more fun than anybody in this business...
...must borrow heavily to finance budget deficits. In addition, the Federal Reserve tries to use its monetary powers to moderate the ups and downs of U.S. business. But Friedman says that the board repeatedly errs in the rate at which it expands or constricts the money supply. As a result, it aggravates the swings of an economy that it is supposed to steady...
...supply climbed at the rate of 9½% a year, and the war-swollen economy began to suffer from inflation. When the Reserve Board overreacted, it slammed on the brakes too hard. Until January 1967, money supply was allowed to grow at a yearly rate of only 3.8%. The result, says Friedman, was the first-quarter slowdown that analysts dubbed the mini-recession of 1967. Since January 1967, the money supply has increased at a 9.9% annual rate, and Friedman blames today's inflation primarily on that fact. Last year he correctly predicted that, in the absence of restraint...