Word: months
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Dates: during 1960-1969
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...example, will be under continual pressure to try to change traditional social attitudes that favor large families and stigmatize the single. It is unlikely that man's Biblical life-span of threescore years and ten, the average in the Western world, will be extended by more than a month or so during the next decade. Nonetheless, expectable developments in geriatrics...
...attend. McCracken has been monetarist-minded for years, and since he took office the council has begun running computer calculations about the future course of the U.S. economy based on monetary indicators. Friedman has even closer relations with Arthur Burns, Nixon's choice to succeed William McChesney Martin next month as chairman of the Federal Reserve Board. Friedman studied under Burns at Rutgers, and they have often spent evenings in animated discussion at Ely, Vt. where both own country homes...
...other side of the coin is that if Nixon pushes anti-inflationary policies too long or too hard, the result could indeed be what most economists define as a recession: at least two successive three-month periods of no real growth in the total economy, a condition that is almost sure to bring about a substantial jump in unemployment. At present, the nation might find such an experience particularly troublesome. A recession could aggravate social unrest. The jobless rates among blacks normally run twice as high as those common whites; among blacks under 25 years old, they often reach five...
...decade that opens next month, thoughtful business leaders realize they face responsibilities that go beyond the traditional definition of business, and they seem ready to do more than merely pay lip service to them. Next to inflation, recession and the need to end the Viet Nam War, the most talked-about subject among high executives is what role the corporation can play in reversing the decline of cities, building housing for the poor, finding and training blacks for jobs. Walter A. Haas Jr., president of San Francisco's Levi Strauss & Co., believes that industry's first big task...
ECONOMICS is the perilous profession, whose leading practitioners put their forecasts on the record in hard numbers almost every year. Members of TIME's Board of Economists, who met this month with the editorial staff in Manhattan and supplied much of the material for the accompanying cover story, made the following first predictions...