Word: long
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...decades an ingenious scheme just conceived by University of Alaska Geophysicist David Stone? If Mao had carried his maxim a little farther, says Stone in a tongue-in-cheek letter to Geotimes, China could have threatened distant enemies with mass destruction years before the development of nuclear warheads and long-range missiles...
Because money is so potent, he contends that the board should allow the supply to expand at a fairly constant rate of about 5% a year, in line with the long-term growth rate of the nation's production of goods and services. Last week the Federal Reserve issued some statistics that led even a few experts to conclude prematurely that it had begun to ease its tight-money policy. In reality, the board has done no such thing. It has merely followed its usual policy of permitting a slight seasonal rise to accommodate businessmen's heavy pre-Christmas buying...
Maisel and George W. Mitchell, both economists, side with Friedman in contending that the Federal Reserve has kept money scarce for so long...
Nixon faces a dilemma. Inflation is his No. 1 domestic problem and, though it started long before he came into office, it is rapidly being identified in the public mind as "Nixon's inflation." The American people are angered and frustrated by inflation, and the polls show that an overwhelming majority criticize Nixon's handling of the persistent problem. Moreover, Nixon believes that he must stabilize the economy before the nation can effectively marshal the resources to carry through the social and environmental programs for which so many voters are clamoring...
...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...