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...technological in nature, nations with a head start on scientific innovation will see money flow into their economics from the coffers of those nations which lag behind. Anyone who has taken "Ec 10" will know that new technology is the primary way by which an economy can increase its output given a limited amount of resources. Perhaps the most obvious example is Japan. By pioneering, over the last few decades, new technologies and new methods of production Japanese industry has become the world leader in many markets...

Author: By David H. Goldbrenner, | Title: Shortchanging Science | 9/25/1995 | See Source »

...trouble began with former treasurer Robert Citron, who has since pleaded guilty to misappropriation of funds. Yet the bankruptcy need not have been ruinous. Orange County is vastly rich: its gross economic output of $77 billion is about the same as Greece's. According to a study, the proposed sales-tax increase of a half-cent per dollar would have cost the average resident only $50 a year while reaping $140 million in tax revenue, enough to procure a new loan to cover the county's maturing obligations...

Author: /time Magazine | Title: MESS A L'ORANGE | 7/10/1995 | See Source »

Some of these new faces turned out to be gems. Horwath and Romano took over the backfield under the watch of Colligan, and Romano turned into an All-Ivy Honorable Mention. Allen and Bowdoin, meanwhile, both tallied three goals, the third-highest output on the team...

Author: By Eric F. Brown, | Title: Field Hockey Rebuilds Team | 6/8/1995 | See Source »

Power Plant Output...

Author: By Jonathan A. Lewin, | Title: Harvard's Unknown Medical Power Plant | 6/8/1995 | See Source »

...equipment that makes their employees more productive, thus fattening their paychecks. Lower rates would also help companies create jobs by building new factories and opening new shops. Roger Brinner, chief economist with the forecasting firm DRI/McGraw-Hill, estimates that balancing the budget would raise America's yearly output an extra 2.5% over the next 10 years. That would mean an average of an extra $1,000 a year for each American family. He adds that the economy would create 2.4 million more jobs by 2005 than if the deficit remained unchecked...

Author: /time Magazine | Title: BEYOND THE PAIN, A REVIVAL OF THE AMERICAN DREAM | 5/22/1995 | See Source »

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