Word: swelling
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Dates: during 1960-1969
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...Most of them go to the Caucasus, where they settle down as "kitchen gardeners"-people who farm their own backyards. More Daring. If they have their way, the followers of Economist Evsei Liberman (TIME cover, Feb. 12), who want to put the Soviet economy on a profit basis, will swell the jobless ranks even more. In Kommunist, Economist G. Shubkin recently complained that two workers often shared the same task in 60 Moscow factories he studied. Shubkin's suggestion: with the "inevitable dismissal of this surplus labor," employment agencies should be set up to find jobs for the displaced...
...members), fundamentalist Orthodox Presbyterian Church formally extended a hand of welcome to any who would like to leave the 3,300,000-member United Presbyterian Church. The same gesture was made by the equally small Bible Presbyterian Church, headed by Radio Preacher Carl Mclntire. Both churches clearly hope to swell their ranks with conservative Presbyterians dismayed by the "Confession of 1967," approved in principle at the United Presbyterian General Assembly last May (TIME, June...
...defense outlays-a moderate $1 billion to $2 billion now-will not significantly affect the deficit in the federal budget. The deficit for fiscal 1965 was $3.5 billion, is expected to be $4.2 billion in fiscal 1966. Additional step-ups in Viet Nam spending later on may indeed swell the deficit. Even so, the Government does not expect to cut back its spending for construction and welfare programs, though the pace of some of them may be slowed...
...governments plan to form a "cooperative association"; that will monopolize future oil and gas exploitation. Foreign companies already in Algeria-including Royal Dutch Shell, British Petroleum and Jersey Standard-will be allowed to stay, but will have their taxes substantially increased. The tax changes alone are expected to swell Algeria's oil revenues from $72 million in 1964 to as much as $120 million...
While there is a great deal of talk about the national debt, it is a fact that the Federal Government is more prudent than the citizens: since 1945, the federal debt has gone up 42% and private debt has gone up more than 500%. Personal debts continue to swell about 10% annually, and nobody expects that the economy can continue indefinitely to support such gains. The personal total now tops $264 billion, of which 70% is accounted for by mortgages. The rest of it is mostly short-term and medium-term installment credit...