Word: cushioned
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...standards of past times of trouble in the U.S. economy, the current unemployment rate of 5.5% is not particularly high. That fact does not, of course, cushion the psychological shock experienced by people who have been fired. Many got their first jobs during the buoyant 1960s, have never been laid off before and do not quite know what has hit them. In many ways, today's unemployed are different from those of earlier years. Though members of minority groups and blue-collar workers are the most vulnerable to layoffs, a surprising number of jobless people are unpoor and unblack...
...refrigerators, while keeping prices down on essential imports. It will also give American G.I.s a better exchange rate. Other reforms included sizable increases in interest rates on most loans and attempts to discourage hoarding and speculation. A 16% increase in civil servants' and soldiers' salaries will help cushion the effect of devaluation on their fixed incomes...
Discounts and Diamonds. Fringe benefits cushion almost every aspect of a worker's life. Toyota provides free bus transportation to and from work and pays for the gasoline of workers who commute in their own cars. Company cafeterias offer cheap and diverse menus, including the popular hamburger. Rolling clinics visit the factories each day for sick call, and the company maintains a 344-bed hospital with 20 doctors in attendance...
...pressure will be on seniors Brad Fenton and All-Ivy Rick Frisbie. Both are tough, gritty cornerbacks, talented at stopping the outside running game. Both are also seasoned veterans, and if theycan stay uninjured, they might be able to provide the Crimson's sophomore ends with a dependable cushion against a running attack. Junior Toby Harvey and sophomores Rick Bridich and Steve Golden should be quite dependable reserves...
...that, many of Wall Street's capitalists do not have enough capital. To provide a cushion for investors and creditors in case a firm fails, the New York Exchange requires every member firm to have at least $1 in net capital for every $20 in liabilities. One big problem is that brokerage firms often have part of their capital in securities, which can plunge in value when the market drops. The securities are often borrowed from outside investors, who are paid a 10% annual fee for their...