Word: dampener
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Dates: during 1970-1979
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...more inflation and deeper recession. Fresh harbingers of both of these threats appeared last week. The unemployment rate, which had dipped unexpectedly to 5.8% in September, returned to 6% last month-a sign of a softening economy. But other figures showed business continuing to perk along despite attempts to dampen inflation by curbing growth. Prices charged by wholesalers rose another 1% in October, while the index of "leading" indicators, which is supposed to foreshadow future economic trends, rose by a strong 0.8% in September. The net effect: the mild downturn that both the Administration and the Federal Reserve desire seems...
...White House p.r. people in the preceding weeks to cut me down to size: Nixon was identified with the "hard," I with the "softer" position. I did not indicate to any journalist that I had opposed the decision to use B-52s. But I also did little to dampen the speculation, partly out of a not very heroic desire to deflect the assault from my person. Some journalists may have mistaken my genuine depression about the seeming collapse of the peace efforts for a moral disagreement. Though I acted mainly by omission and partly through emotional exhaustion...
...prenotification on any important pay or price changes. But the President is most likely to follow the course recommended by Blumenthal and Chief Economist Charles Schultze: leave the 7% pay limit intact, and generally follow a moderate policy, while hoping that the coming (or perhaps already existing) recession will dampen inflationary fires. Asserted Blumenthal: "We are determined not to engage in dramatic action that would cause long-run problems...
...change itself is not the enemy. Our concern is twofold. We must work to dampen conflict, to maintain peace, and we must make clear that it is dangerous for outside powers to try to exploit for their own selfish benefits this inevitable turmoil...
...scenario is not inconsistent with the logic of recent tendencies at this university. Suffice it to mention two related phenomena: (1) the clamoring over-subscription of famous "gut" courses: and (2) the top-heavy enlistment of "pre-professional" (read: "pre-wealth") tutors in the Houses, so as to dampen any remaining spark of misconception that the purpose of a university is to instill a love of wisdom rather than the trades of artisans...