Word: outputted
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...likely to be the new President's plan of radical cuts in both Government spending and taxes. Reagan's "supplyside" economic strategists have defended the program as a bold policy to stimulate savings and investment that will beat inflation by boosting productivity and business output. They argue that the U.S.'s economic ills have been caused primarily by excessive taxes, which have removed the incentive of individuals and companies to work harder producing goods and services. Board Member Greenspan, a close adviser to President-elect Reagan, argued that the program must be put in place quickly...
...risen to $23 billion; servicing it requires about 80% of its export revenues. Exports are down, largely because coal production is running more than 5% behind projections. Poor weather and absurdly low government price ceilings-a major disincentive to farmers-have contributed to a 12% decline in agricultural output. "Queues existed before, but now we have no food at all," complained a worker at the Ursus tractor factory outside Warsaw last week. Food exports, which earned $1.4 billion last year, have dwindled to a trickle...
Alcomobile sales in Brazil took off. Says Mario Garnero, president of Brazil's National Automobile Industry Association: "We cannot produce enough alcohol vehicles for the public demand." Volkswagen, Brazil's largest automaker, increased its output of alcohol-consuming cars from 5,000 in July to 26,000 in November. Only one of every five cars coming off the Volkswagen assembly line is now gasoline-powered. Drivers unable to buy new alcohol-consuming cars have besieged mechanics, who, for about $900, will retool a gasoline engine to burn alcohol...
...Exxon is the most enthusiastic: last May the oil giant paid Atlantic Richfield $400 million for its share in the Colony oil-shale project in Colorado, and now plans to spend $500 billion over the next 30 years to build 150 installations on Colorado's Western Slope. Estimated output by 2010: 8 million...
...hopes will save its future. Once 200 welders with their masks and welding guns used to work on such an assembly line. Here there are no welders in sight; there are only 50 robots craning forward, spitting sparks. They work two shifts, and the assembly line's output has increased by almost 20% since the robots arrived earlier this year...