Word: creditably
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...whole controversy now seems a little dated, credit Reagan's success in changing the political atmosphere. He has created a tranquil public acceptance of his presidency much like Eisenhower's, while proposing reforms as potentially sweeping as Roosevelt's. This change conditions the behavior of both the right wing and the press. Right-wingers used to argue that Reagan's popularity proved the victory of their ideology. Consequently, any press questioning of Reagan's program was "out of step with the rest of America," and any compromise by Reagan was the fault of pragmatists on his staff who would...
Investment tax credit...
...some areas, the House panel's plan is the same as that put forth by the Administration. Both, for example, want to repeal the investment tax credit, which currently enables companies to take immediate deductions of as much as 10% of spending on plant and equipment. Both proposals would also curtail the accelerated cost recovery system, which now enables businesses to depreciate their assets rapidly...
...Mikhail Gorbachev, a group of American banks was quietly deciding to loan money to the Soviet Union. The First National Bank of Chicago and three New York banks--Bankers Trust, Morgan Guaranty and Irving Trust--have joined the Royal Bank of Canada in giving the Soviets a $200 million credit line to help buy American and Canadian grain. Other U.S. banks are expected to participate in the loans...
...after the Soviets invaded Afghanistan in 1979 and President Carter responded by putting strict limits on U.S. grain sales to Moscow. When Reagan lifted the embargo in 1981, the Soviet Union turned mostly to Europe for loans to buy grain. This year, though, the Kremlin began seeking American credit once again. Troubled by seven consecutive disappointing harvests, the Soviets are expected to buy $1.6 billion worth of grain from the U.S. this year...