Word: costly
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Dates: during 1980-1989
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...eight years, as chairman of the Federal Reserve Board, Paul Volcker was perhaps the second most powerful man in Washington. There were no doubt times, as he squeezed the money supply and cost people jobs in his battle against double-digit inflation, when he was also one of the most unpopular. Volcker, 61, devoted more than three decades to public service; his first appointment after leaving Government in 1987 was as unpaid chairman of the National Commission on the Public Service, a private group trying to improve the lot of the nation's civil servants. Now, as chairman...
...High interest rates cost millions of people their jobs or hurt their businesses. What do you say to those people...
...release the AIDS-infected primates, who were born in captivity, into the wild. So the Southwest Foundation for Biomedical Research, which breeds the chimps and contracts them out to research organizations, charges customers $30,000 per animal to set up what amounts to a retirement plan to defray the cost of caring for the primates during their golden years. While subject to experiments, the chimps live alone in huts, but when their brief working lives are over, they are gathered into colonies of eight or ten in in-door-outdoor block houses that give them room to romp. Says foundation...
...animal under the skin behind the ears. The small time-release capsules slowly dole out the hormones over several weeks during key growth stages. By eliminating as many as 21 days of feeding time before the animals reach the target weight of about 1,000 lbs., the hormone treatments (cost per implant: about $1) save the cattlemen approximately $20 per head, which can be the difference between profit and loss. Producers maintain that the hormones not only help keep U.S. beef prices down but also turn out the leaner meat preferred by consumers nowadays...
...Labor Party leader Shimon Peres traded the foreign affairs portfolio for the Finance Ministry, he also traded headaches: curing the country's ailing economy won't be much easier than making peace. Israel's highly socialized economy suffers from double-digit inflation, lagging exports, shrunken tourism and the high cost of dealing with the Palestinian uprising. Last week Peres set off a storm of protest when he unveiled an austerity plan that affronted many, including members of his own party...