Word: choke
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First, administrators disclosed they were considering holding a student referendum on whether to choke off the Radcliffe Union of Students (RUS) by eliminating funds for the vocal women's interest group. Then word got out that Harvard had quietly withdrawn funding for the Women's Clearinghouse, a counseling and referral service for female undergraduates. And meanwhile, amid all the retrenchment, the major women's issue of recent months got no attention whatsoever. University Hall still refuses to say how, if at all, it intends to deal with the Faculty members who reportedly harass dozens of undergraduate women each year...
...Wenglowski, the eventual outcome could be, if anything, worse than the stagnation scenario. Interest rates would stay down temporarily, and production might grow rapidly and unemployment drop for a while. But then inflation would reignite, and sooner or later the Federal Reserve would have to crack down again to choke off the miniboom. That scenario would in effect mark a return to the dismal and overlapping inflation-recession cycles...
...York Republican Barber Conable sums up the conflicting pressures. On one hand, legislators know that unless they raise taxes enough to give some real hope that budget deficits can be kept from spiraling out of control, interest rates are likely to stay high and choke off a recovery from the lingering recession. Says Conable: "Wall Street is watching us very closely to see if we are serious or just playing games." But when the House takes up its version of the Dole bill, it is certain to be pounced upon by lobbyists for an extraordinary array of powerful interests: doctors...
More and more economists now fear that renewed economic growth will simply send interest rates even higher as businesses and individuals alike try to borrow, helping to choke off the recovery before it ever takes hold. The biggest danger is the pressure that is already being placed on the economy by federal borrowing. In the July-September quarter alone, the Treasury will need to raise about $46 billion in new money, double the amount borrowed during the same period a year...
...must; complain about the refereeing or remind your roommate from Philadelphia that Tiny spent yesterday on the bench in street clothes. The sophisticated fans, wherever they sat, joined that stirring end-of-game cheer, out of respect for the Celtics and for a team that showed it doesn't choke after all. As far as you're concerned, the championship's been won, Best...