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...background of the campaign debate over economics is a recovery that is progressing faster than most economists had expected. The Government this week will release its estimate of first-quarter real gross national product (total output of goods and services, discounted for inflation); it is expected to show a 6% to 7% gain at an annual rate. Retail sales jumped 2.8% in March, on top of a 1.6% rise in February; auto sales in the first ten days of April leaped 33% above the 1975 period. Industrial production rose by only .6% in March, but the January and February advances...

Author: /time Magazine | Title: THE RECOVERY: Onward and Upward--More or Less | 4/26/1976 | See Source »

...many ventures in "mixed capitalism." With this system, which started under Mussolini in 1933, the state buys or creates firms to promote broad social goals-and make a profit. Today the government controls or has interests in companies that account for about 50% of Italy's industrial output. Finmeccanica owns pieces of about 50 enterprises that had combined sales of $1.5 billion last year. Crociani took over in 1974; in just one year he tripled the group's losses to an estimated $450 million...

Author: /time Magazine | Title: ITALY: No More Godfathers | 4/26/1976 | See Source »

...being seriously deprived of oxygen. The ability of a Harvard iceman to see a puck out of the corner of his eye is diminished. Other effects on the athletes' vision increase slowly. Furthermore, as the game progresses and the level of carbon monoxide rises, the athlete's maximal work output decreases--Harvard's hockey players are no longer able to perform as well, skate as fast or hit as hard. Thirdly, the player's ability to determine time intervals (i.e. the time from when he hears the slap of the puck off the stick of his defenseman to when...

Author: By Kevin R. Stone, | Title: Unsafe at Any Speed | 4/13/1976 | See Source »

...track team, training circuits along the Charles can have even more deleterious effects. Their maximum output will be rapidly diminished due to elevated carbon monoxide blood levels. Furthermore, the team risks the same long term health risks as the hockey players, coronary disease and heart amythmias...

Author: By Kevin R. Stone, | Title: Unsafe at Any Speed | 4/13/1976 | See Source »

...candid supporters admit, it would not be effective without wage and price controls-but they are anathema to labor unions. Significantly, Sar Levitan, director of the Center for Manpower Policy Studies at George Washington University, estimated at a previous hearing that to reach 3% unemployment in four years, national output of goods and services would have to grow at an annual rate of 7.5%. He added: "The nation has never achieved such a sustained high growth...

Author: /time Magazine | Title: Business: Can Everyone Get a Job? | 3/29/1976 | See Source »

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