Word: upturns
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...same time, Ford projected an image of competence by his knowledgeable defense of his budget and other policies, benefited greatly by the strong upturn in the economy and skillfully exploited his position as incumbent (see box next page and ESSAY page 19). Grumbled Reagan: "A challenger can't promise highways and hospitals...
Stephen A. Marglin '59, professor of Economics, said yesterday he is unimpressed by the upturn. Seven per cent unemployment looks good only relative to 9 per cent, he said. "These aren't Harvard professors we're talking about who are out of work...
Whether the upturn in textiles will continue much beyond the middle of next year will depend heavily on how well the mills manage to hold down prices. That will be a struggle. Synthetic fibers, which now go into about 70% of all knitted and woven goods, are made from petrochemicals, and could go up as world oil prices rise. The scarcity of natural gas, which is used in the finishing and drying of many textiles, could cause shortages that drive up prices. But if prices behave and the economy continues on its upward course, the textile upturn could accelerate into...
Havard Treasurer George Putnam Jr., '49 and Financial Vice President Hale Champion both said this week that if the general upturn in the nation's economy continues and private support holds up, Harvard should be able to escape with a deficit of only several hundred thousand dollars in 1975-76 and break even or run a small surplus in the following year...
...indecision. Despite some signs of recovery in recent months, the nation this year will suffer its steepest decline in output, about 3%, since the founding of the Federal Republic after World War II. The forecast for next year calls for real growth in G.N.P. of about 4%. But the upturn is beginning from such a low base-German industry today is operating at only 75% of capacity -that even with that relatively healthy advance the economy will be operating well below optimum levels. The unemployment rate has risen to 4.4%, and could well go higher this winter. In Germany, that...