Word: investment
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Dates: during 1970-1979
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...time. One principal in this school is Lucas of the University of Chicago. Says he: "The real amount of goods and services available cannot be manipulated effectively by short-term market interferences. Such policies are based on the premise that we, the Government, can make people work harder, invest more or perform some other desired objective. But people are skeptical, so such policies do not work any more. The public has also lost confidence in the prospect of a stable policy in the future, because monetary trends have been jumping all over the place." Increases in the money supply...
...Cabinet is less distinguished than his old one. It cannot possibly change the substance or the image of the Government in the time left to Carter. The new White House staff arrangements that invest the Georgians with more power than ever will do nothing so much as reinforce the President's own failings, which have come from his inexperience and his narrow background...
...seemed favorable. Carter proposed having the Energy Security Corp. issue $5 billion in bonds to the public to help finance synfuel development. In one of those bits of self-conscious flag-waving that nonetheless may illustrate the popular mood, the city council of Ga. (pop. 200), Ga., voted to invest half the town's accumulated savings of $20,000 in those bonds...
...approved, the whaling industry may soon be sunk by dwindling profits. Greenpeace has observed that the whaling ships of the U.S.S.R. are rusted and worn and that Japan's are only slightly better-a clear sign that the world's most rapacious whalers are hesitant to invest more money in a losing business where catches are ever smaller. Some species like the bowhead and right whales may now number no more than 3,000 and perhaps are headed irreversibly toward extinction. Thus as the meeting convenes in London, the question may really be: Of whalers or whales, which...
...daily of oil from coal, shale and other alternative sources. That would amount to about 8% of current U.S. imports. For now, the synthetic fuel is too expensive to compete with OPEC crude, but the Government's guaranteed market for the product would encourage companies to invest and get the new industry off the ground...