Word: outputted
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...interest rates crack new records; home owners face 17% mortgages, and companies confront 20% business loans. Energy, the oxygen of industrial life, has become so costly and politically controlled that the U.S. can no longer be certain of enough fuel to keep its factories running and homes heated. The output of goods per hour worked has stagnated. From 1948 to 1973, the productivity of American employees increased 2.9% annually, thus permitting steadily higher real wages and higher standards of living. Last year productivity dropped .9%. The real median income of American families jumped 64% from...
...capitalism's proven success in producing material prosperity, the ultimate justification for the system does not rest on its output of cars or cosmetics. Capitalism's fundamental rationale is that it permits and promotes freedom by enhancing the rights of the individual and limiting the power of the state. While some capitalist countries are not democracies, no Communist or totally socialist economy has remained a democracy for long. And every democracy practices some version of capitalism. The reason is clear: political freedom is impossible without economic freedom. As the British poet and essayist Hilaire Belloc noted, "The control...
OPEC, though, is now moving to keep up those wobbly world prices by taking less oil out of the ground. Reductions in output would all but guarantee that long-term prices will remain firm, and even nudge up. The latest to institute the price-propping cuts are Kuwait and Libya, which last week reduced their production by 25% and 17%, respectively, bringing the overall drop in OPEC'S output to 2 million bbl. per day below the autumn 1979 level of 31 million bbl. daily. Some price hikes continue nonetheless. Algeria has put a $3-per-bbl. surcharge...
...contract calls for 3,418 of the 20-ft. 9-in. missiles to be delivered to the Air Force between now and 1989. Boeing will produce 225 of the weapons, at a cost of $141 million, during the current fiscal year, and output will be boosted to 480 during fiscal 1981. At least half of the $4 billion deal will go to about two dozen other defense contractors to provide parts and equipment. The Pentagon could ultimately decide to invite General Dynamics or other competitors to use Boeing's own design and build at least some of the missiles...
...offensive output is constant motion," Davis said yesterday. "Their defense was not necessarily ragged, but our motion-packed offense creates openings any team would find difficult to defend against...