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...Figures. The Government this week will announce new figures on how much the national output of goods and services rose in the third quarter; the growth rate may turn out to have been even less than the anemic 3.9% first estimated. Unemployment rose to 7.9% in October from 7.8% in September, and layoffs are still spreading. General Electric Co., for example, disclosed last week that after Thanksgiving it will start laying off 8,500 of the 13,300 hourly workers in its Appliance Park complex at Louisville, Ky. Though no one can yet predict how strong Christmas buying will...

Author: /time Magazine | Title: TAXIS: Starting the Countdown Toward a Cut | 11/22/1976 | See Source »

...slightly mushy, even when consumed with vodka. But at $5.90 a lb., compared with $24.50 for the real thing, there has been nothing soft about initial sales of the fake caviar. At the Okean (Ocean) fish store on Moscow's Prospekt Mira, where the pilot plant's output is sold, every scrap of the entire daily production sells out in only two hours...

Author: /time Magazine | Title: FOOD: Counterfeit Caviar | 11/22/1976 | See Source »

There are many counterbalancing forces. One is the stance of Saudi Arabia, which has by far the world's largest known oil reserves. Though they could produce 11.8 million bbl. of crude a day, the Saudis are limiting daily output to 8.5 million bbl. This hold-down allows other OPEC members to produce at capacity without causing so great a glut :? as to push prices down. As a result, cartel members must give great weight to Saudi views, and the Saudis have consistently talked moderation. At the cartel's last meeting in Bali in May, their A refusal...

Author: /time Magazine | Title: OIL: How Much to Pay the OPEC Piper? | 11/8/1976 | See Source »

...billion. Again, all the evidence-the recent slowdown in growth, the continuing high unemployment-shows that Ford's policy was too conservative. Democrats say Ford and his policymakers constantly stress the dangers of growing too fast, but often underplay the costs of growing too slowly -the cost of output lost. In consequence, needs go unmet, unemployment remains high, and strains develop in society...

Author: /time Magazine | Title: ISSUES: THE POCKETBOOK ELECTION | 11/1/1976 | See Source »

...indicators suggested continued economic softness. In September, retail sales rose an almost imperceptible .1% over August. Higher spending on farm equipment and fall clothing was largely offset by a sharp drop in auto purchases. Moreover, the industrial production index, at 131.3, remained unchanged from August, the first tune factory output had failed to rise since March...

Author: /time Magazine | Title: Business: More Signals on the Slowdown | 10/25/1976 | See Source »

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