Word: 5â
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...economic slump that began in 1981 deepened during 1982, Volcker had to perform a delicate balancing act. The problem became how to ease up on the money supply, which the Federal Reserve had targeted to grow at a rate of about 2 ½% to 5??% during 1982, without frightening investors into thinking that the central bank was repeating an old mistake and reinflating the economy in response to political pressure...
...package (parts were, but they nonetheless raised taxes) and that accepting it was the only way to get Congress to agree to more cuts in social spending, an equally high Reagan priority. He followed up two weeks ago by endorsing a congressional proposal to raise the federal gasoline tax 5?? per gal. and use the money for repair of the nation's highways, bridges and mass-transit systems, although he had said as recently as September that only a "palace coup" could...
There was no coup, just a White House debate in which both sides used "the Reagan argument" with particular skill. Transportation Secretary Drew Lewis insisted that the 5?? boost should be considered a "user fee," calculated to make those who drive on federally financed highways pay for their upkeep. The contention has some merit, but its real point was to avoid that awful word tax. Stockman countered by arguing that whatever it might be called, using a federal impost to finance repair work done by states and localities would violate Reagan's New Federalism concept. The President, however, recalled that...
According to former KGB Agent Vladimir Sakharov, who defected to the U.S. in 1972, Andropov has a 5??-room apartment in Moscow that is comfortable but not elegant. When Sakharov was invited to visit by Andropov's son in the mid-1960s, the apartment's outstanding features were a stereo system, a sofa and a cabinet of highly polished wood, gifts to Andropov from the late Yugoslav leader Josip Broz Tito...
Hillel was right about the Arab summit's appearing to be more judicious in its response to Reagan. Last year an Arab conference broke up after only 5?? hours because it could not agree on whether to support the peace plan proposed by Saudi Arabia's Crown Prince Fahd, who has since become King. The Fahd plan implied that Israel had a right to exist, something the hard-line states, like Syria and Iraq, strongly opposed. This year the Arab leaders debated a similar plan for the best part of four days, and reached an agreement, although it was more...