Word: outputted
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...Arab countries meeting in Kuwait decided that each month from now on they will reduce oil output at least 5% below the preceding month. The cutbacks will continue, they said, "until an Israeli withdrawal is completed, and until the restoration of the legal rights of the Palestinian people...
...King Feisal of Saudi Arabia, the biggest Mideast producer, at first decreed a 10% cut in output. But by week's end, as the war seemed to be going against the Arabs, he announced a total ban on oil shipments to the U.S. Presently, 3.4% of the crude oil consumed daily by the U.S. comes from Saudi Arabia. Libya, Algeria and Abu Dhabi also announced embargos...
...tone and philosophy, the commission's output reflects the optimistic views of its chairman, Clark Kerr, longtime president of the University of California. Kerr had already agreed to act as the commission's part-time chairman when in January 1967, he was abruptly fired for his opposition to Governor Ronald Reagan's budget-cutting plans for U.C. Working virtually full time for the commission, Kerr led its support for the basic structure of the present U.S. higher educational system. Though the system is now undergoing "its greatest trauma of self-doubt," notes the final report, the commission...
...Russian-born economist's own words: "It [input-output] is as simple as a cooking recipe. You add the ingredients and the whole things hands together...
Leontief's attitude toward his field, like his input-output model, is free of dogmatic constraints. The Nobel Prize winner has praise for the profit motive in the American economy and the collective controls in the Chinese system...