Word: applaud
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Dates: during 1980-1989
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Some economists believe the IMF's influence in handling the debt crisis is weakening. They note that Brazil has refused to come to terms with the fund and has revived its economy by following its own growth-minded policies. Many applaud the change in the IMF's philosophy. Says Fred Bergsten, director of Washington's Institute for International Economics: "It is a new lease on life for the IMF in the management of the debt problem...
...corner and ignoring the din and chaos as he read." It is the kind of place too where a visiting student, Edward Lewis, now president of St. Mary's College of Maryland, recalls a lecture given by Professor Paul Tillich that ended with 800 students rising to applaud the theologian. Says Lewis: "That's earned mystique...
Puttnam's toughest goal in his new job is to make movies that tough critics like himself will applaud. Says the new chairman: "I would be shattered if I could not look with pride at Columbia's pictures. That would not be true of 75% of films made in Hollywood today." But he coyly refuses to offer specifics about his plans. "All I bring with me is a philosophy," Puttnam says. "I have a lot to learn...
Birth-control specialists applaud the condom's effectiveness. Still, "it's like the horse and carriage," notes Dr. Harrith Hasson of the Society for the Advancement of Contraception. "It's a fine means of transportation, but if we had been satisfied to stop there, we would never have invented the car and the airplane." Unfortunately, research faces difficulties. Many companies have pulled back because of the cost of testing and the risk of suits. Federally funded research is down as well. Clinical tests of an NIH-developed implant system called Capronor stalled for more than a year because the company...
...finance lower tax rates for consumers, the conference committee boosted levies on businesses by $120 billion over the next five years. The new law will wipe out most of the special tax incentives and shelters that industries have lobbied for and protected for decades. Yet surprisingly, most corporate leaders applaud the reform, since they feel that in the long run they will benefit from a more efficient and vibrant, not to mention fairer, economy. Says Robert Silverman, president of Atlanta's Winter Construction, whose business is sure to feel the loss of tax preferences aimed at real estate...