Word: upturn
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...history. The Administration now must keep the economy humming along. Says Rimmer de Vries, chief international economist of Morgan Guaranty Trust: "The top priority is to make sure the economic expansion continues." The U.S. recovery is about to celebrate its second birthday. Since World War II, the average upturn has lasted about four years, and so it is unlikely that the Reagan Administration will go through its entire second term without another economic dip, perhaps a sizable...
This year's results, suggests Hanford, say that students "have grown up under a different set of circumstances, that their society was more interested in education." According to Chester Finn, professor of education and public policy at Vanderbilt University, the upturn can also be linked to a renewed stress on the fundamentals. The knowledge measured by the SATs, he says, "is the very kind that has been the object of the so-called back-to-basics movement for the past six to eight years...
...study makes it clear that the recent recession may continue to produce ill effects on the health of the American people for at least another decade, despite the current economic upturn...
First the recovery took off far more powerfully than nearly all experts had expected. Now the prospect of further giant federal deficits is raising fears that the upturn may abruptly end. Such concerns have sent the Dow Jones industrial average plummeting 110 points in the past month. At a meeting last week in Manhattan, the members of TIME's Board of Economists foresaw continued growth this year, but predicted that the recovery's pace would slow. Said Walter Heller, who was chief economic adviser to Presidents Kennedy and Johnson: "The expansion won't peter...
...given their problems, Moroccans are doing a lot of hoping these days-hoping that the dollar will weaken, hoping that the U.S. economic upturn will spread across the Atlantic, hoping that the rains will come. Hassan, meanwhile, continues to hope for a calm without a storm...