Word: astraye
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Harvard Economist Martin Feldstein, head of the Reagan Administration's Council of Economic Advisers from 1982 to 1984, disagreed. "This was a bill that went astray," he said, because it will shift about $125 billion in taxes from households to businesses over five years. Feldstein was afraid that abolition of investment-tax credits, as mandated under the new legislation, would lead to reduced corporate spending on plant and equipment and research. At the same time, hikes in capital-gains taxation rates could cause cutbacks in the financing of new business ventures. By hurting investment, Feldstein warned, the tax-reform package...
...blockbuster, The Triumph of Politics, has just about settled. A 1000 cc. does of wisdom, too little, too late, Triumph is the first weighty tome in what is sure to be a continuing series of mea culpas and finger pointing organized around the theme, "Where the Reagan Revolution went astray." Despite some of the most successful politicking ever to emerge from the Oval Office, Reagan's ambitious plans to reform America in Ayn Rand's image have stalled in a pool of red ink, victim of the pragmatic wheel-dealing Stockman calls "Politics...
...otherwise entertaining effort. French as Elsie suffers from a corresponding problem; more than any of the other non-students in the show, French is just too old for her part of "a maid of 17." Possessing the production's finest voice, she is nonetheless unconvincing as an ingenue gone astray...
Company officials must next overcome a powerful impulse to run for cover from the press and the public. "Executives often bury their heads in the sand and refuse to communicate. But adopting a bunker mentality is always to their own detriment," says Fink. Moreover, he continues, "many companies go astray by lying." When that happens, the public loses faith in the firm, and its products, which may never be restored...
...singles slates proved a family affair gone astray...