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...distinguishes between different kinds of growth. Economic performance is gauged by the gross national product, a truly gross and misleading measure. Activities that are useless (like the printing of reports that the recipients throw in the wastebasket without reading) or even destructive (the development of highly polluting production technologies) swell G.N.P. as long as money is spent on them. At best, G.N.P. tends to overemphasize the kind of growth symbolized by steel, stamping presses, cars and dishwashers -precisely the kind that chews up natural resources and pours out pollution. In theory, a dollar of salary paid to a Latin scholar...

Author: /time Magazine | Title: Time Essay: Can the World Survive Economic Growth? | 8/14/1972 | See Source »

...station-named Radio Free Nick, for nearby Nixon Street-keeps up local residents' morale with pop-record requests and Orange marching songs. ¶Company is one of eleven U.D.A. units in Belfast. The U.D.A. claims it has 37,000 men in Northern Ireland, and the number may eventually swell to 60,000. For all its size, the U.D.A. has not displayed its weaponry openly in the streets yet, although 16 men (not yet officially identified as U.D.A.) were arrested while driving around the streets of Belfast carrying shotguns...

Author: /time Magazine | Title: The World: The U.D.A. | 7/24/1972 | See Source »

...wage increases. Many major labor contracts expire next year-including those of the Teamsters and auto, electrical and rubber workers. Intolerably high settlements in any one of these labor negotiations could wreck the Administration's wage controls. The current fiscal year's budget has already begun to swell beyond its officially anticipated $27 billion; budget officials now say that it may well hit $35 billion. Whoever recaptures or inherits the White House may find that the economy is again a sensitive political issue after the first half...

Author: /time Magazine | Title: PHASED: High Half-Time Score | 7/17/1972 | See Source »

...move progressively away from specialty stores and coffee shops. Parking will become harder. Driving through the Square will probably become a task of stupendous proportions. Tenants will have to bear higher land values, which will ultimately translate into higher rents, and live with a new skyline. Pedestrian traffic will swell by as much as half or two thirds...

Author: By Mark C. Frazier, | Title: JFK Library: Future Shock in the Square | 6/15/1972 | See Source »

Parking will become harder. Driving will probably become a task of stupendous proportions. Pedestrian traffic will swell by as much as half or two thirds...

Author: By Mark C. Frazier, | Title: JFK Library: Future Shock in the Square | 6/15/1972 | See Source »

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