Word: absorbable
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Dates: during 1970-1979
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Failed Strategy. Ford offered to let gasoline absorb most of the price increase in hopes of winning support from Eastern Republicans, who feared that the increase would send their constituents' heating bills soaring because the region depends so heavily on imported oil. But Ford was unwilling to go as far as some of them demanded. New York Senator Jacob Javits, for example, insisted that 80% of the burden of any price hike fall on gasoline. Moreover, Ford's offer upset Western Senators, whose constituents drive long distances and are most concerned about how Ford's program will...
...called "committing ourselves to a gasoline tilt." He was willing, he suggested, to let the price of gasoline rise higher than that of other oil products. While his original program would have entailed a 100-per-gal. boost on all oil products, he would now permit gasoline to absorb most of the price increase. He was also considering a rebate to farmers whose energy bills would soar under his program...
Whitlock said that South House could not accomodate the large number of South House affiliates living at 29 Garden St. but that Currier and North House could absorb their fewer 29 Garden St. residents...
...assumptions underlie the new optimism. The first is that world demand for OPEC oil will increase only slightly, if at all, through 1980. The second is that the 13 OPEC nations have a greater capacity to absorb exports from the consuming countries than anticipated. The optimists figure that many of the OPEC members will be importing more and more-and moving toward a payments balance and ultimately a deficit-as the decade progresses...
...There is a problem with refugees Warhaftig admits, "but it's a small problem. Israel has absorbed hundreds of thousands of Jewish refugees from Arab countries. If the Arab states wanted to, they could absorb their own refugees easily enough...