Word: cautionings
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EARLY in the economic recovery, consumers and businessmen both displayed a mood of great caution. Consumers saved money at near-record rates, and corporate executives continued or even intensified penny-pinching programs to reduce costs. Today the more important of these groups has come around to all-out optimism; consumers have gone on a spending spree and are plunging into debt at the fastest pace ever to finance it. They have caught up with the bullish projections of economists, while businessmen are still lagging a bit behind...
This generality is evident throughout the Daly Report, and it forces a wait-and-see approach to the report's central contentions. For example, the report notes in bold types: "Caution: the University is not sure at this time if the properties for sale will number one or as many as 30 or 40, so planning details of any sale would be premature pending completion of the (1974) basic study...
...course until one day recently when Angelo, accompanying Mrs. Nixon's party, found herself locked in a hotel room in Yellowstone Park. With no phone, no response to her shouts and the press bus about to leave, she threw caution - and herself - to the winds: "Feeling like the prisoner of Zenda, I opened the window, forced the screen and jumped out. The room, happily, was on the first floor...
...Leader Meade Esposito promised to "support the Democratic ticket to the bitter end." Addressing labor leaders in Tacoma, Wash., McGovern called the area the "economic sore thumb" of the Nixon Administration. He promised a job for everyone, "though I can't spell this out line by line." The caution was advisable, since on his last visit to Washington he had pledged 25,000 new jobs if Boeing concentrated on building a quieter aircraft engine. That was possible, he now admitted, only if all the engines in all Boeing aircraft were converted-an unlikely prospect...
...underscored his optimism with a word of caution. "It takes a long time for teaching fellow appointments to work their way through the University bureaucracy," he explained. "People waiting for their money may become fearful and irate. We are doing all we can to expedite this process...