Word: lesters
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Directed by Richard Lester...
...will hold the economy's real growth for the current quarter to 1.1% and to less than 1% during the summer. The gain for the year as a whole is now expected to be 2.9%. In the gentlest terms, that amounts to a pause later in the year. Lester Thurow, M.I.T. professor of economics and management, calls such growth soggy...
...economy and fueling inflation. Says Stanford University Economist Michael Boskin, one of the earliest supporters of supply-side economics: "The President's tax cut will simply not have a large impact on savings. The bulk of the effect will be to increase spending." Adds Democratic Economist Lester Thurow of M.I.T.: "The Reagan tax cut is simply not supply-side economics. Only about 6% of it would be saved at all, and we simply cannot afford to waste $94 out of every...
...which actually increases the government's role in pumping up prices. During the next five years, this administration hopes to increase military spending by $181 billion--which amounts to about ten times the current total payments of Medicare and Medicaid for services to the aged. Correcting for inflation, economist Lester Thurow calculated that this planned increase in military spending is roughly equal to three times the inflation-fuelling amount added to the military budget during the Vietnam-years of 1965 to 1970. And Reagan's planned tax cuts also threaten to aid inflation. Unless Americans somehow start saving at vastly...
...play: "The first thing a kid does when you hand him a basketball is bounce it on the floor. After a while, he starts to throw it at a basket. Last and least, he passes it to another kid. Our thinking is the other way around." Says Forward Lester Conner: "With Ralph, if you get fancy and dribble the ball...