Word: cushion
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Dates: during 1970-1979
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...concrete terms, the Kissinger-drafted speech will urge greater aid for the poorest nations from the industrial states and the newly rich oil producers. It will renew his call for a world food reserve of 60 million tons to provide a cushion against crop failures. To solve balance of payments problems, it will suggest giving International Monetary Fund loans to countries that suffer trade shortfalls. In the face of opposition from key Cabinet members like Treasury Secretary William Simon, Moynihan is expected to announce that the U.S., for the first time, may be willing to tamper with traditional free-market...
...cushion the economic impact" of sudden decontrol, Ford announced he will remove a $2-per-bbl. tariff on imported crude and a 60?-per-bbl. fee on foreign refined products. That will cut the selling price of foreign oil to American consumers from its present $14.50 per bbl. and in effect lower the market ceiling toward which domestic oil prices could rise. If Congress overrides his veto of the controls extension, Ford has threatened to reinstate the tariff...
...battle comes out, oil prices are certain to rise substantially, and the increase will have the same effect on the economy as a big new tax boost would. There is a growing consensus among Republicans and Democrats that some sort of new tax cuts will be needed to cushion the oil shock and keep the economy rising. Says Economist Arthur Okun: "It is crucial that oil prices do not drain real consumer purchasing power...
Both reports also fail to realize that rent control affects different areas differently. Harvard Square is much better able to absorb rent control because of the cushion provided by high rents. In Central Square, however, the landlord's profit margin is much thinner, and as a less affluent area, its housing deteriorates much more quickly with any cutbacks on maintenance. Ironically, rent control is hurting most the very groups it was designed to aid-the lower-income group tenant...
...traveling salesmen sold movies then Homebodies would be called a novelty item. Such gewgaws find their value not in beauty or utility but in their oddness. And, like a Whoopee Cushion or a musical nutcracker. Homebodies is an odd little item indeed...