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...countries and sending global inflation flaring to double-digit levels. To curb runaway prices, one government after another cut spending and tightened up credit. Now these measures seem at long last to be slowing the pace of price increases in most countries, but at a heavy cost in lost output, joblessness and social unrest...
...slowdown in world trade has widened the country's balance of payments deficit from $425 million in 1973 to $1.8 billion today; some experts believe that it will hit $5 billion by year's end. Though the government still predicts a 4% gain in Canada's output of goods and services for the year, some economists believe that zero growth is more likely. The jobless rate, at present 6.8%, is expected to climb to between 8% and 10%. Inflation, which has just edged down to 9.6% after two years of ranging above 10%, is expected to subside...
Prognosis: By 1985 geothermal sources could be producing up to 30,000 megawatts of electricity; by 2000, output could reach 200,000 megawatts...
Prognosis: Coal as coal will continue to be an important part of the U.S. energy scene for years. Coal as a source of gas will, by 1985, account for .5 trillion cu. ft. of production, about 2.2% of total U.S. output. By 2000, production could go as high as 6.5 trillion...
...Edward Lear and W.S. Gilbert, Chesterton was childless. Like them, he became his own child, a 300-lb. choirboy reveling in puns and paradox. But between Chesterton and the Victorians there was a profound difference. Traditionally, English eccentrics sought refuge hi nonsense. Chesterton found shelter in sense. His immense output (some 150 books and innumerable articles and poems) evidences a long wrangle with madness -the lunacy of the new century and the wildness of the mind. As Jorge Luis Borges observes, "Chesterton restrained himself from being Edgar Allan Poe or Franz Kafka, but something in the makeup of his personality...