Word: absorb
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Dates: during 1980-1989
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...high deficits are depressingly apparent to economists. Says Martin Feldstein, the chairman of Reagan's Council of Economic Advisers: "For the past two decades, total net private savings have averaged only about 7% of the G.N.P. A budget deficit of 6% [which is what $200 billion represents] would absorb an amount equal to nearly all of those savings." The Government's growing borrowing needs could cause what Citicorp's senior domestic economist, Peter Crawford, calls "painful conflicts between the Treasury and private borrowers." This "crowding out" of private borrowers is part of an economic Catch-22. Explains...
...involved a careful political calculation. Whatever his disadvantages, Mauroy is perhaps the one leader who can cajole the Socialist electorate into swallowing the bitter pill of belt tightening. He pushed through the unpopular wage and price freeze last year. For Mitterrand, there is also an advantage in having Mauroy absorb the unpopularity that the stringent new economic measures will generate. If Mauroy becomes too much of a drag on the party, the President can replace him before the next legislative elections, which are scheduled for 1986. Mitterrand thus has given Mauroy two years in which to perform a healing miracle...
Erica S. Eisenberg '86, chairman of the Council's student services subcommittee, said yesterday the Council has agreed to absorb up to $250 more in bus fares for students who cannot afford the ride. "I think that the people most affected by the cuts are those who can least afford to get down there," she explained...
...current display at the Metropolitan Museum of Art each piece is enhanced by its isolation. Hence, for most viewers, the show becomes a unique opportunity to enjoy and absorb the beauty of each object and painting. Many of these people will one day come to the Vatican. Then will they understand the context they missed. More important, they will want to see more art. There is no doubt that for them the risk is amply justified...
Thanks to the acquisition, U.A.B.'s 135,000 depositors will not lose a penny. First Tennessee will also absorb up to $86.5 million in uncollectible U.A.B. loans. Any more than that will be covered by the FDIC, which believes the total may reach $160 million. The biggest loser is Jake Butcher; he owned $15 million in U.A.B. stock that is now worthless. The flamboyant entrepreneur, who five years ago was Tennessee's Democratic candidate for Governor, and who was the driving force behind last year's Knoxville World's Fair, has clearly lost more than...