Word: outputted
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...late 1973 led to widespread speculation that the cartel's members would eventually soak up a disruptively large share of the monetary reserves of the non-Communist world. But these forebodings could not take into account the world recession that has slashed oil demand. Today OPEC'S output is running at about 28 million bbl. per day, v. 33 million bbl. just before the 1973 embargo, and revenues are falling below expectations...
Most of TIME's economists expect real gross national product-the output of goods and services discounted for inflation-to sprint up at an annual rate of about 7% for the rest of this year and through the first half of 1976. Prices in that time will probably rise at a 7% to 8% annual rate, a disturbingly rapid pace after so deep a recession as the U.S. suffered in 1973-74, but much better than the 15.4% compound annual rate of inflation the U.S. suffered in July. Unemployment, which fell from 9.2% in May to 8.4% in both...
...tenure process--which Rosovsky said judges candidates primarily on "scholarly output" and "good teaching performance"--was designed to consider candidates with long records in academia and whose published work is often the most important "input" into the decision. Here the system was faced with a talented 31-year-old woman who had only one, incomplete manuscript to show for her years at Harvard. In the back of everyone's mind, one professor said, was the psychological effect of the affirmative action program, making her appoinment more likely and helping her to obtain a unanimous recommendation in October...
...most of the standard indicators of the U.S. economy are showing heartening, and at times surprising strength. For example, July sales of big-ticket appliances were the strongest since last fall, and housing starts during the month surged 14% ahead of June. Government statisticians last week concluded that real output of all goods and services in the second quarter actually rose at an annual rate of 1.6%, rather than falling at a .3% pace as first estimated-an indication that the worst recession in 30 years ended somewhat earlier than had been thought. Superficially, the all-important unemployment rate fits...
Despite the lower 1975 harvest, the Soviet consumer is unlikely to feel the difference, either in his stomach or his wallet. Rather than cut back on livestock and poultry output, Soviet leaders have elected to sell gold worth $636 million to get the cash to buy grain abroad. The ironic result is that although American consumers may be forced to pay more for food as a consequence of Soviet grain purchases, Soviet citizens will enjoy bread at artificially low fixed prices. They range in Moscow from 6? for a 1-lb. loaf of tasty black bread...