Word: annual
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Dates: during 1970-1979
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...professionals who decide where to invest Harvard's $1.4 billion endowment bring to their conference table information culled from corporate annual reports, investment journals, personal visits to companies, visits to foreign firms, even conversations with Harvard faculty members who know something about economics...
...total annual cost of the programs that the experts have cited tops $30 billion, and even these would not exhaust the Pentagon's shopping list. Yet this sum already exceeds what a 5% military budget boost would yield. Chairman
Last week the Commerce Department reported that the nation's output of goods and services, which had declined at an annual rate of 2.3% in the second quarter, actually rose again by 2.4% in the July-September period. Since a recession is commonly defined as two consecutive quarters of economic decline, it thus will be early 1980 before experts can formally announce the arrival of a textbook recession. But the latest indications of growth were deceiving and cannot endure long. The upswing was due primarily to a temporary increase in consumer spending, as people who had been kept away...
Economists believe that the nation's business will decline again this fall. Nonetheless, signs of continued economic vigor abound. Homebuilding, which is usually hit hard by high interest rates, remains strong; housing starts actually rose by 4.2% in September, to an annual rate of 1.9 million. At the same time, the use of the nation's industrial capacity edged up above...
...shame, though if none of the millions raised from alumni ever makes its way to students in the form of eased tuition increases. Faculty officials say the $120 million or so they will raise to endow faculty salaries and student financial aid will give them much more flexibility in annual budget-making, by freeing money currently restricted to specific uses for whatever purposes Dean Rosovsky and his Faculty budgeters want. No one, however, will say whether that flexibility will help keep tuition down...