Word: soon
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Dates: during 1970-1979
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PRICES. Inflation will abate, but not soon enough or substantially enough to cheer about. Recessions are usually slow to take the steam out of prices, and a tight money policy requires months to produce results. In fact, high interest rates will continue to add to inflation until they start to curb overall demand, and then prices are expected to taper off. Despite rising unemployment, wages and benefits stand to accelerate. They increased about 8% this year, or much less than the rate of inflation, and workers can make a strong case for more, just to catch...
...earning $25,900 or more. The Board of Economists expects that, in all, taxes will be cut by about $30 billion, including a reduction of some $10 billion for business, probably in the form of liberalized depreciation. Though such a move would increase the deficit at first, it would soon after pay dividends. By helping to sharpen the nation's efficiency, it would combat many of the problems that the U.S. economy encountered in a year of troubled change...
...position to go to work. Savings have declined since the early 1970s from 7.4% of income to a modern low of 4.3%. Consumer installment credit has surged from $210.8 billion in 1974 to $369.3 billion in the third quarter of 1979. In brief, the American consumer will soon be forced to reduce his spending, and this will be a mainspring of the recession...
Though Scheider is a wry, sensitive actor, he soon gets lost in the vulgar theatrics. So does the subject of death. When Fosse attempts to put his heart on the table, he does so too literally. All That Jazz contains close-ups of open-heart sur gery, but few insights into Gideon's soul. What Fosse regards as self-analysis often comes out as egomaniacal self-congratulation: there's even a scene where Gideon cries at his own funeral. Still, Fosse is no fool, and at times he is his own best critic. All That Jazz is never...
Those who do not yet know about her soon will. Hollywood tom-toms are all but nominating her for an Academy Award for her first screen role, in The Rose. The movie, the story of a doomed '60s rock star, is one of the few commercial hits of the fall season, and enthusiastic word of mouth is proving more potent than any advertising. Meanwhile, for those who can make it to Broadway, the lady's other, outrageously funny side is on view at the Palace Theater in Bette! Divine Madness. It is the hottest ticket in Manhattan...