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After three successive losses to eastern teams, Harvard's highest scoring output (by far) of the season was well received. The Crimson assumed a 5-1 advantage in the first period, John Cochrane accounting for two of the goals, and held on for the victory as Cochrane notched a hat trick and Gene Purdy added two goals...

Author: By Michael K. Savit, | Title: While You Were Away, Some Teams Did Play | 1/3/1977 | See Source »

...cash from its trading partners and the International Monetary Fund. In Japan, which imports almost every drop of its oil, government and private economists figure that national production will rise 7% next year-if there is no OPEC price increase. But if OPEC raises oil prices by 10%, Japanese output will probably go down half a percent...

Author: /time Magazine | Title: ENERGY: Fiddling Dangerously While Fuel Burns | 12/20/1976 | See Source »

Military ventures get a similar cost-benefit analysis. A Rand researcher in 1973 suggested that efficiency could be determined by defining military output in terms of "the capability to destroy 1000 tanks in a 90-day Central European war scenario, or the capability to deliver a given amount of bomb tonnage in Southeast Asia." His formulas did not include significant variables representing such factors as a ravaged European countryside or a decimated village in Vietnam...

Author: By George K. Sweetnam, | Title: The Rand Legacy | 12/16/1976 | See Source »

Asked Bonfante: "It has been calculated that Italy spends 120% of its income. Why don't Italians work and produce more?" Replied Andreotti: "There is a decided commitment under way to recover output and productivity. In fact, we've been able to abolish seven holidays, which would have been unthinkable in other times...

Author: /time Magazine | Title: ITALY: Andreotti: Rebus Sic Stantibus | 12/13/1976 | See Source »

...which controls the nation's credit. Last week Carter's prospects for doing both brightened measurably. After an hour-long meeting in Washington with Burns, the President-elect reported that the chairman found his economic goals for 1977 "reasonable." Those goals are a 6% rise in real output, v. 3.8% in this year's third quarter, and a reduction of 1½ points in the unemployment rate, currently 7.9%. More important, Burns helped to engineer a further drop in interest rates that should please Populist Carter-and make it easier for businessmen to borrow for expansion...

Author: /time Magazine | Title: MONEY: Price and Pride in D.C.? | 12/6/1976 | See Source »

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