Word: programming
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Dates: during 1980-1980
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Already, thousands of people in the parched northeastern region of Karamoja have starved to death. Says Melissa Wells, head of the U.N. development program in Uganda: "Famine is looming in West Nile as well." There are severe food shortages even in Kampala, where the average wage is only $67 a month. A bunch of bananas, a staple, sells for $27. Beer is $20 a bottle...
...opinion of most board members, the real economic flash point in 1981 is likely to be the new President's plan of radical cuts in both Government spending and taxes. Reagan's "supplyside" economic strategists have defended the program as a bold policy to stimulate savings and investment that will beat inflation by boosting productivity and business output. They argue that the U.S.'s economic ills have been caused primarily by excessive taxes, which have removed the incentive of individuals and companies to work harder producing goods and services. Board Member Greenspan, a close adviser to President...
...economic success of the Reagan Administration will depend on the continued support of the American public for an austerity program. Lester C. Thurow questioned whether voters would stick with such policies unless they quickly saw tangible results in the form of rising standards of living. He believes that the U.S.'s recent shift to economic conservatism may quickly evaporate. Said he: "The question is how long will the conservative era have to prove itself before the public kicks it out and tries something else. If the conservative policies cannot work relatively quickly, people will cease being conservatives...
Reagan will now use the untested, and controversial, program of large budget reductions and tax cuts to fight the new dilemma: high interest rates, growth, roaring and persistent unemployment. The well-being of American business during 1981 and for years to come will rest on the outcome of that experiment...
Frequently mentioned as a possible member of Republican Administrations, Feldstein is an advocate of less Government regulation of the private sector of the economy . A major focus of his research has been on the American Social Security system. He contends that the Government's retirement program has transferred vital investment capital into current consumption and thus hindered the long-term development of the economy...