Word: speedup
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...postponed until 1973. Walter Heller contends that it was wrong "to feed corporations with the economic raw meat of a $5 billion investment tax credit on top of the $4 billion depreciation give away, and at the same time toss the consumer the small bone of a $2.5 billion speedup in income tax reductions." Robert Nathan calls the tax cuts an "absolute fraud." Their stimulative effects, he believes, will not even take place during the freeze period...
Sleeping Giant. Assuming no change in Washington policy, members of the Board of Economists see small reason to expect a speedup soon. Despite much talk of expansionary federal budget policy, they find that Government tax and spending programs are not very stimulating. Arthur Okun pointed out that the major force in the recovery so far has been a jump in home building from an annual rate of 1.1 million starts in January 1970 to 1.9 million recently...
...Speedup. On the day that the C.E.D. spoke up, the Labor Department disclosed that in October, for the second straight month, consumer prices rose at a seasonally adjusted annual rate of 6%. The Administration's strategy of slowing price rises by deliberately slowing down the whole economy has yet to show any important success visible to the consumer. The preliminary wholesale price index went down fractionally in November, but that erratic index also declined three months ago -with little impact on consumer prices. After a hesitation in late summer, consumer-price inflation has speeded up again almost...
Most scientists agree that the 1,000 or so known enzymes owe their prowess to their so-called "active sites," small areas that apparently latch on to specific molecules and guide them together to produce a chemical reaction. But this explanation fails to account for the remarkable speedup that the enzyme contributes to the process...
...many areas, however, ARVN's progress is still disappointing, and not even the intense euphoria of the Cambodian excursion can overcome low pay, corruption and lackluster leadership. True, U.S. Defense Secretary Melvin Laird began hinting last week that "the success of Vietnamization" could permit a speedup in U.S. withdrawal plans; instead of pulling out 150,000 troops by next spring, as President Nixon announced in April, the U.S. might bring home as many as 195,000. But the fact is that Vietnamization is six months behind in some respects. A high-command reorganization that was supposed to root...