Word: slowdowns
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Dates: during 1970-1979
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Rapid Rate. The first-half surge is a bit of beginners' luck for the Carter Administration, which took over at the ragged end of a painful business slowdown and, without having made any radical changes in the Ford Administration's policy, now finds itself at the helm of a briskly moving economy. Few experts expect the first half s rapid rate of growth to continue through the second half-though nobody is forecasting anything like a recession. Charles Schultze, the President's chief economic adviser, forecasts a steady if unspectacular 5% rate of expansion for the rest...
...second-half slowdown would scarcely improve chances of significantly reducing the unemployment rate, now at 7.1%. If the economy grows no faster than 5%, the best Treasury Secretary Michael Blumenthal could offer last week was a reduction in joblessness to a still high...
...depth of the recession in the spring of 1975, Burns resisted pressures to increase the money supply and relied instead on a much greater increase in velocity than anyone else thought possible. This year Burns is counting on a further increase in velocity to compensate for a slowdown in money supply growth...
...from Social Security taxes. Outgo is expected to exceed income by $5.6 billion this year, and if the trend continues, the system will run out of money by the early 1980s. Carter's solution combines liberal and conservative elements: he proposes both an increase in taxes and a slowdown in the sharp rise in benefits...
...next three miles, I moved at the pace of a brisk walk. And still I was dying. My legs kept wanting to move faster, but my stomach said nay. By the time I got rid of the cramp, my legs were ready for their own work-slowdown. Rhythm is crucial to a marathoner's success. The cramp destroyed mine, and I suffered the rest...