Word: abandons
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Once the spiral starts, it develops a self-accelerating momentum. Union members, dismayed by the extent to which inflation eats away their pay gains, clamor for ever fatter wage increases. Businessmen borrow with abandon to build bigger inventories and more factories than they need, figuring that everything will cost more tomorrow. When this "inflationary psychology" takes hold, only drastic action can break...
...short of Galbraith's controls. Administration officials argue that incomes policy has never worked anywhere. They point out that Britain's Tory government is abolishing the Labor-created National Board for Prices and Incomes. In addition, Canada's Price and Incomes Commission announced last week that it would abandon the wage-price guidelines that it had been trying to induce business and labor to follow. Even some liberal economists tend to be skeptical of such experiments. "A young man might win himself a Nobel Prize for developing a workable incomes policy," says Paul Samuelson...
Then why not abandon hope, surrender to the city, and trust in Christ's promised pardon? With stern Calvinistic orthodoxy, Ellul replies that those who do so immediately mark themselves among the unpardoned. For the Christian he suggests a subtler course: work with and in the city, but stay apart from it spiritually, disarming its lures to power and pride with the humor of an "active pessimism." But there may come a time, Ellul cautions, when life in the city "is no longer possible for the Christian." What then? Flee...
Mullaney says that the university must abandon its role of passive neutrality in political events. "In its attempts to be 'neutral,' the university has sided with those who resist change in power relationships," his article says...
With a curious combination of Gallic courtesy, reckless abandon and careful planning, the impromptu bandits -generally operating in two-man teams -thereupon hit seven Marseille banks in 57 days. They never wore masks or gloves. They never fired a gun or struck anyone. When an elderly lady fainted during a holdup, one gang member, Antoine Nitti, gave her a glass of water and embraced her before fleeing...