Word: unlikelyness
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Dates: during 1970-1979
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Certainly some foreign purchases have occurred, and ads offering U.S. farm land dance across European newspapers and magazines. Still, aliens are neither big buyers nor big owners of land. In the unlikely event that a buying boom were to start tomorrow, it would not hurt either farmers or the country...
Public employees. Pacts covering 400,000 members of the American Federation of State, County and Municipal Employees must be concluded by April or May in order to give politicians time to work the figures into budgets, even though most contracts do not expire until June 30. This moderate union might...
Other scientists were slightly more cautious. Larry Smarr of the Harvard-Smithsonian Center for Astrophysics pointed out that the orbital reduction could have been caused by other influences, perhaps the tug of another unknown massive object. Still, Smarr and other astrophysicists seemed generally impressed. Said the University of Rochester's...
Heller excepted, members of the Board of Economists reply: 1) the soft-landing outcome is possible, but unlikely; 2) even if it does happen, so what? Real G.N.P. may not decline for two successive quarters-the technical definition of recession-but it will slow to such a crawl as to...
Thomas O'Brien, financial vice president, said last week that with the Carter administration pursuing a tight budget, it is unlikely federal support would "even be able to match the inflation rate" in the year ahead.