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Word: stating (lookup in dictionary) (lookup stats)
Dates: during 1980-1980
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...fourth and final of a troubled year, was similar to that set by David Stockman, Ronald Reagan's designated new budget director, and New York Congressman Jack Kemp. Three weeks ago, they sent Reagan a 23-page memo in which they called for the declaration of a state of national emergency to avoid an impending "economic Dunkirk." Those two words already threaten to become what might be called the economic hallmark...

Author: /time Magazine | Title: Business: Outlook '81: Recession | 12/29/1980 | See Source »

...that of wheat by 9%. Many farmers suffered a second disaster when a searing summer heat wave and drought scorched crops and pasture lands from Texas to North Dakota. The temperature in Dallas was over 100° for 53 days in July and August. Reagan Brown, Texas state agriculture commissioner, said glumly in midsummer: "We're hurtin' real bad in Texas." The drought has driven up the price of everything from peanuts to chickens, and it has cost farmers millions of dollars in lost crops and livestock...

Author: /time Magazine | Title: Business: Outlook '81: Recession | 12/29/1980 | See Source »

However, it was not those exceptions but the dismal state of of the American economy that Ronald Reagan into the in November. Perhaps the candidate's most effective campaign tactic was during the debate with President Carter when he looked at the television camera and asked the American people: "Are you better off now than you were four years ago?" The answer was mostly no. Last year alone, the average real disposable income per capita fell an estimated...

Author: /time Magazine | Title: Business: Outlook '81: Recession | 12/29/1980 | See Source »

Such objections, however, are not likely to have any real impact on OPEC decisions. Much more important is the state of world petroleum markets, which are currently afloat in oil. Worldwide demand for the black gold was off by about 2 million bbl. a day in 1980. Some production has resumed in Iran and Iraq, and the Saudis are continuing to pump about 2 million bbl. a day extra to make up for the shortfall caused by the Iranian revolution and by the destruction resulting from the Persian Gulf war. This has permitted oil companies and major petroleum-importing countries...

Author: /time Magazine | Title: Business: Bali High for Oil Prices | 12/29/1980 | See Source »

...common reaction to the broadcast: "I immediately tore up my organ donor card." In the four weeks after the telecast, the number of kidney transplants fell by a quarter, but is now beginning to increase again. British doctors hope the public will finally be reassured in February, when they state their case in a special 90-minute program...

Author: /time Magazine | Title: Medicine: Are Some Patients Being Done In? | 12/29/1980 | See Source »

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