Word: cautionings
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Instead of displaying caution amid the obvious backlash against its past influence, the maritime industry engaged in some of its most blatant lobbying efforts. Just six weeks before the House committee approved the bill in August, a fund-raising cocktail party for Chairman Murphy in Washington garnered $9,950 from maritime sources for his 1978 campaign. "That doesn't mean I'm bought," snapped Murphy angrily after Common Cause broke the news. But the fact that Congressmen had to deny they were selling votes showed how counterproductive the lobbying effort had become...
Uncertainty about the Carter Administration among business leaders is particularly dangerous because it gives them one more reason for holding back on the expansion programs that are necessary to keep production I growing and bring down unemployment. And businessmen already have plenty of cause for such caution. The deep recession of 1973-75 shook their faith that the economy would keep rising, with only minor setbacks; the double-digit inflation of 1974 made them doubt that they could realistically estimate future costs; the Arab oil embargo of 1973 and the fears of energy shortages that followed caused them to wonder...
...overburdened, near-bankrupt Social Security system. Otherwise, that tax load could become intolerable. At present there are 30 Social Security beneficiaries for every 100 workers; early in the next century it is expected that there will be 52 recipients for every 100 workers. But Social Security officials caution against expecting more than a "minor" impact on the system from having the old work longer...
More than two years after coming out of the deep 1973-75 recession, the nation's economic recovery has reached middle age-and is feeling all the crotchets of that stage of life. Its youthful bounce is now just a memory, and its progress is marked more by caution than boldness. Its future looks unexcitingly predictable at best, a little worrisome at worst: relatively modest gains in production, a very gradual reduction of high unemployment, continuation of a distressing but not immediately dangerous inflation rate...
...That caution is fairly obvious at the moment. All that anyone will really say about the working committees at the moment is that they're moving along smoothly, and that their ideas will be presented to the Faculty with only minor modifications. The wheels of the core curriculum may not be grinding as slowly as everyone first suspected, but they are probably grinding just as fine. Certainly they are grinding more silently...