Word: upwards
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...November, calling for quick remedial action. Rosovsky pointed out that despite a decline in their SAT scores, Harvard students were receiving higher and higher grades. For whatever reasons, it was becoming obvious that more and more "A"s were being given out; many course curves had shifted rapidly upward until they reached a point at which there were virtually no grades below...
Lord Keynes would undoubtedly have spotted the problem right away. Like the penny, the low grade has apparently outlived its usefulness; both have fallen victim to the all-too-familiar phenomenon of inflation, if we are to believe some of the more outspoken critics of the recent upward swing in grading...
...lifts. The index of leading indicators in March continued its downward trend. New orders to manufacturers fell 3% in March after a February rally, the sixth decline in seven months. Farm prices rose 4% in April, meaning that the present low inflation rate of 3.7% is likely to edge upward...
...longer enjoys a wide range of economic options. The quintupled price of petroleum forced upon the industrialized world by the Arab producers imposes tight new limitations on U.S. action. As economic activity picks up in the U.S., it will be compelled to import more oil. That could drive upward the U.S. deficit in its balance of payments, which, in turn, might force the Government to lessen the pace of the recovery. Unless the U.S. summons up a high degree of self-discipline and coherent economic policy, the nation could blunder into the frustrating pattern of stop-go economics in which...
After almost six years of drift, depression and disaster, prosperity seems to have returned in force to the U.S. stock market. Paced by a swelling optimism that the worst of the recession could well be over, Wall Street's fortunes have turned decidedly upward. Last week, in a bullish performance typical of many since the beginning of the year, the Dow Jones industrial average spurted 29 points to 819, a high for the year, before backing off to 808 on Friday. Still, that was 230 points above the widely watched index's twelve-year low of 578 last...