Word: absorber
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Dates: during 1970-1979
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...books. Lou knew a lot about Harvard, he had seen the picture of the bell tower on the glossy catalogue cover, had read every Louis Auchincloss novel, so he was sure it was a classy place. And he was shelling out 7000 bills a year so his son could absorb a little of that class. Carlo knew all that, and figured at least the housing office could have given him a roommate who had gone to prep school...
...gesture of solidarity, the other members of the Big Three, the Swiss Bank Corporation and Union Bank of Switzerland, offered Crédit Suisse a $ 1.2 billion line of Crédit. Crédit Suisse refused the offer, explaining that it could easily absorb the Chiasso loss, and indeed that seems true. But the Chiasso affair and the other failures are raising severe questions about the efficiency, as well as the ethics of Swiss banking. Even some Swiss financiers are charging that Swiss bankers are vastly overrated and that only the constantly climbing Swiss franc makes them appear proficient...
...expected to ask a Democratic, heavily liberal Congress for immediate decontrol of oil and gas prices that would indeed allow oil companies to make enormous profits. Aside from the political realities, such decontrol, as Carter noted, would give the economy an inflationary shock that it could not readily absorb...
...including wall and ceiling insulation, but much of the country's existing housing stock lacks proper protection. That may make it difficult for newhouse buyers to get rid of their old ones. Although it picked up last month, multifamily construction has been slack as the market continues to absorb a glut of new building of that type completed during the early 1970s...
Worthy stresses the vital need for leaders to resist the temptation to "withhold news of negative developments" when the struggle has begun. People can absorb temporary defeats, but they leave the battle if they are lied to, or if their leaders are not fully "accurate in technical, legal and political information" that they disseminate...