The Week

The Brandt Commission has made a new set of recommendations relative to the developed and developing nations in the light of deteriorating economic conditions and increased global uncertainties and critical dangers . . . international imbalances of payments . . . major new allocations . . . huge transfusions of aid . . . International Monetary Fund . . . check your wallet.

“At Long Last, the Recovery Is Here”—the judgment, not of a White House press release, but of a New York Times headline, over an article by Leonard Silk. Silk marshals some reasons for thinking so. Housing starts rose to an adjusted annual rate of 1.22 million for the fourth quarter of 1982, up from a low of 870,000 in late 1981. Auto sales rose likewise. Inventories, swollen by low demand, are shrinking. New orders are perking. Other signs: falling gas and heating-oil prices pulled down the producer price index by 1 per cent in January, a record drop; the consumer price index is thought likely to follow suit. Congress had better rush through that jobs bill, while there’s still a recession.

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The Brandt Commission has made a new set of recommendations relative to the developed and developing nations in the light of deteriorating economic conditions and increased global uncertainties and critical dangers . . . international imbalances of payments . . . major new allocations . . . huge transfusions of aid . . . International Monetary Fund . . . check your wallet.

“At Long Last, the Recovery Is Here”—the judgment, not of a White House press release, but of a New York Times headline, over an article by Leonard Silk. Silk marshals some reasons for thinking so. Housing starts rose to an adjusted annual rate of 1.22 million for the fourth quarter of 1982, up from a low of 870,000 in late 1981. Auto sales rose likewise. Inventories, swollen by low demand, are shrinking. New orders are perking. Other signs: falling gas and heating-oil prices pulled down the producer price index by 1 per cent in January, a record drop; the consumer price index is thought likely to follow suit. Congress had better rush through that jobs bill, while there’s still a recession.