Word: slowdowns
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...since early 1975, and the idle are now about 5.1% of the work force. Reason: economic growth has taken a nosedive. In Europe's four largest economies, those of West Germany, France, Britain and Italy, growth averaged only 2% last year, exactly half the figure for 1976. The slowdown reduced inflation, but not very much: prices rose an average of 10% for non-Communist Europe as a whole...
...most controversial "reforms," presumably until after the 1978 elections. The plan for next year will probably include more modest changes in the tax code, along with tax cuts designed to boost business confidence, prod capital spending and give a timely kick to the economy in order to prevent the slowdown that many experts have predicted for the second half...
...Census Bureau's Long believes that the trend is longterm. He cites as evidence the fact that the slowdown in mobility is occurring in the more highly educated levels of U.S. society, the very group traditionally most prone to prowl. His point: if mobility is declining at a time when a bumper crop of baby-boom college graduates is appearing on the scene, the trend is probably a powerful one. It is a message that has already got through to many corporations. People who are willing to move wherever the company sends them, says Polaroid Vice President Joseph McLaughlin...
...there are those who think the teachers and the teachers' union account for a big chunk of Medford's problems. Faculty salaries, which comprise 88% of the $4.4 million annual budget, are good. Yet the militant Massachusettes Teachers Association staged a 15-month slowdown at Medford between September 1975 and November 1976. Teachers refused to work with students a minute past their scheduled 7:45 am. to 2:15 p.m. day as a protest against what they felt were low salaries, large class size and insufficient job security In the end, they won their salary demands. A tenured teacher with...
...Economic Advisers, fear the growth rate might drop to around 3% in the second half of next year-a pace too slow to prevent another rise in unemployment. Consumers, they think, cannot spend much more on cars, houses and other goods than they are now doing; if a slowdown is to be avoided, business spending must rise more than...