Babson's 1977 Outlook Sees Modest Economic Progress Ahead
Babson's Reports forecasts continued but slower growth for 1977 with inflation risks and energy price pressures. Private sector strength, gradual capital spending, and higher consumer demand are expected to lift GNP about 12 percent in current dollars, while real GNP rises around 6 percent and unemployment remains sticky near 7 percent.
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Israeli Housing Minister Avraham Ofer Dies by Suicide Near Tel Aviv
Avraham Ofer, 54, a Labor minister, killed himself in his car near his Tel Aviv home amid embezzlement allegations. The death follows a wave of corruption cases involving Labor figures including Michael Tzur Asher Yadlin and others, complicating Rabin’s already fragile campaign five months before elections.
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Statehood Proposal Sparks Mixed Reactions in Puerto Rico
In San Juan readers question Ford plan to make Puerto Rico the 51st state. Reactions range from disbelief to disapproval with Carter talk muted on beaches. Gov elect Carlos Romero Barceló, sworn in next day, says he learned of the plan just before the announcement.
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