Word: crackly
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Dates: during 1970-1979
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Miller does have a club: if Congress and the White House will not cooperate, the Federal Reserve will have to crack down so hard on money supply, and push interest rates so high, that there really will be a recession. Characteristically, he put it to Taber in tones of promise rather than threat: "The Fed fits into this model in a rather selfish way. Any economic strategy that works toward lessening inflation will inevitably lessen the pressure on the central bank," and allow it to put out enough money to promote his cherished 4% growth rate...
...owner for 25 years of L'Aiglon restaurant in Manhattan, and one of those beleaguered by the President's threat to crack down on taxdeductible, expense-account lunches, I have a question: Who paid for those Margaritas? I would have been happy...
Powell should have quit while he was behind. He tried a tasteless crack about a William Safire column "saying that Bob Strauss has been inflation czar for three days and nothing was any cheaper. Bob said that wasn't true," reported Powell, who went on to quote Strauss as asking: "What about the Pulitzer Prize?" (Safire had just won one.) "I like that, Jody," one listener shot back, and Powell riposted bitterly: "Well, then, that's the first thing this Administration has done that you've liked." Powell also mock apologized for attacking what he called...
...Palestine Liberation Organization, which claims the allegiance of 90% of the estimated 14,000 Palestinian fighters in Lebanon, moved quickly to assure the U.N. that it deplored the incident and would crack down on the group responsible for it. Among the surgeons attending Salvan was Dr. Fathi Arafat, Yasser's brother; one of Salvan's first visitors was the P.L.O. boss himself, bearing flowers...
...apparently gone on behind the scenes, taking the less obvious form of news documentaries, reports of "concerned citizens' groups," and the ever-present Pentagon predictions of an impending apocalypse. A recent CBS-TV documentary, for instance, focused on charges that the current all-volunteer army cannot find the crack troops needed to face any attack by the Soviet Union; the implication throughout the show was that the U.S. armed forces are not now in "a proper state of readiness," and may never be--as long as the all-volunteer format persists. Other critics, especially in the Southern delegations to Congress...