Word: slowdowns
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...peace dividend to what is known as the "growth dividend," resulting from the normal expansion of the U.S. economy. Rockefeller reported that a study commissioned by the Governors Conference Committee on Human Resources, which he headed, had produced some interesting figures. Never mind whether any money comes from the slowdown in Viet Nam; the study projected that federal revenues would increase by $15 billion in 1970, $16 billion in 1971, $18 billion in 1972, on up to $20 billion in 1976. Cumulatively, these federal revenue increases would total $125 billion by the end of 1976. The money, said Rockefeller, could...
...circulation plus demand deposits in commercial banks, has grown since the end of 1968 at a 1.5% annual rate, or 1% for the year so far. Under the prevailing theory that money supply controls economic growth, and ultimately price levels, that would seem gradual enough to portend a slowdown soon in the pace of inflation...
...mean that the swift rise in the U.S. cost of living may not begin to slacken markedly until January. The date represents a considerable stretch in the Administration's former timetable for halting soaring prices. As recently as June, the White House was promising such signs of economic slowdown any time after midyear. In two talks during the week, however, McCracken counseled the nation to be patient...
...Nixon's plans to pull out a total of perhaps 100,000 by year's end. The Administration has said that further withdrawals will depend partly on a decrease in the level of fighting. Thus, Hanoi's decision to intensify the fighting may well prompt a slowdown in the U.S. reduction of forces...
...Alexander Dubček last April, the nation gradually sank into the depths of despair and sullenness. The factory workers who a year ago volunteered for weekend "Dubček shifts" without pay, in order to boost production, are today blatantly loafing on the job and pilfering supplies. The slowdown has made a mockery of practically every state-prescribed quota. By the end of April, for example, only 11% of this year's construction targets had been completed. There is a shortage of many consumer goods. In a rare bit of candor for Czechoslovakia's tightly supervised press...