Word: laters
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Dates: during 1970-1970
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Last week-much later than had been previously expected-the sheer momentum of the mighty but misfiring U.S. economic machine lifted the annual rate of G.N.P. over the $1 trillion-a-year mark. Despite the tarnish that inflation placed on that achievement, President Nixon appeared for ceremonies at the Commerce Department's new gross national product clock-a brightly lit and buzzing electronic gadget that ticks off the nation's estimated economic growth at the rate of $2,000 a second. Said Nixon: "We hope to keep it moving, and perhaps move it faster in the years ahead...
...workers and executives. At the same time, there will probably be a reduction in the hiring of the newer, younger workers who have always provided the fresh ideas-the zip and leaven-for business. Unemployment will climb next year, probably exceeding 6% during some months before tapering off later in 1971. The members of TIME'S Board of Economists foresee relatively high unemployment, coupled with about a 3)% rate of real economic growth and close to a 4% rate of inflation. That would make for a total of something more than 7% growth in the gross national product, lifting...
Gung-Ho for Growth? Whatever the numbers, the President has to decide on which of two policies to emphasize. Should he aim for a modest rate of economic recovery, risking a continuation of high unemployment? Or should he strive for a faster snapback, risking more inflation later? Every sign now indicates that the President, prodded by Chief Economist Paul McCracken and Budget Boss George Shultz, has made a decision to go for speedy, job-creating growth. It remains to be seen whether John Connally, Nixon's surprise choice for Secretary of the Treasury, will alter the strategy. Though...
...feckless, posturing stratum of society that they epitomized. Father, an expansive but hopelessly improvident clerk, was to balloon into fiction as Mr. Micawber. Mother, with her snobbish faith in "connections" (one of whom was the manager of the blacking factory), would become not only Mrs. Micawber but later Mrs. Nickleby. "Peculiarly unfair" treatment for mother, Wilson concludes, but there was a special reason for that...
Dickens' feeling of being let down by his mother was the first of several jolts to his self-indulgent idealization of women. At 21 he tried to place a girl named Maria Beadnell in the role of an angelic object of worship. She ended by jilting him. Later he cast his wife-the bland, slightly perplexed daughter of one of his former editors-as the traditional loyal helpmeet. She seems to have ended by boring him. The result was that in his fiction he was never able to display a fully rounded view of women. Even his most memorable...