Word: slowdowns
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...scathingly criticizes these groups for delaying construction of the Alaskan pipeline. The slowdown retarded U.S. economic growth and helped the Arab-dominated OPEC oil cartel grossly inflate oil prices and expand its powers. Among the consequences: "The unemployment of black teen-agers...
Macrae is also angry about American industry. The growth of U.S. output per man-hour in manufacturing in the past 25 years has fallen behind that of other industrial nations because of a slowdown of U.S. investment in new technology. American businessmen, like those in Britain, have succumbed to the rule of corporate bureaucrats. The spirit of entrepreneurship is broken...
...slowdown abroad, to be sure, has been milder than the U.S. recession. Yet as the U.S. economy shows ever more vigorous signs of reanimation, no similar trend is immediately visible in Europe. In the past few months, nearly every government has revised its 1975 growth forecasts downward. The main reason: West Germany's economy, which accounts for fully one-third of the European Community's gross national product, has failed to respond to the expansionary program of tax credits and deficit spending launched by the government last fall. Unemployment is holding at record postwar levels (4.4% in June...
About the only good to come out'of the nation's most brutal postwar recession has been the decisive slowdown in inflation. The surge in living costs has slackened from a peak annual rate of 13.6% in the three months ended last October to 5% in the three months ended in May. During the past two weeks, though, a freshet of price increases, actual or contemplated, on aluminum, autos, gasoline and sugar, has aroused some worry about whether the progress can be sustained. Then, rumors of a new Soviet purchase of U.S. grain revived memories of the massive...
...have to be eased in order to increase the nation's supply of energy and improve the economy-the same philosophy that the President expressed in May when he vetoed a bill to control the ecological damage done by strip mining for coal. The result would be a slowdown, but not a reversal, of the U.S.'s environmental programs. Pointing to progress in cleaning up the Connecticut and Hudson rivers, Ford quipped: "The salmon are back. They cough a lot, but they have reappeared...