Word: deepening
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...Presley. He gets a whole segment to himself, which includes his first Hollywood screen test, an appearance on the Milton Berle show and the great title number from Jailhouse Rock. In Elvis!, directed by John Carpenter and written by Anthony Lawrence, he is also treated well but the shadows deepen even further. He becomes the classic figure of American success: famous, frightened and mother-fixated. The movie catches Presley's suicidal insulation, the shifts of mood and all his uncertainty, manages to make his success seem ultimately stultifying without ever inviting pity. Just as important, he is not treated...
Some other reasons for thinking that the business slowdown will not deepen into recession: averaging out quarterly swings, the 42-month-long expansion has been moderate so far, and has not produced the excesses?a too rapid pile-up of business inventories, for example?that can be corrected only by recession. Consumer buying has held up fairly well, business investment in new plant and equipment is picking up a bit, and both should be spurred by the tax reduction of $16 billion to $18 billion a year that Congress is about to enact. In 1979, though, that cut will just...
...There are a lot of victims, like the girl in Racing in the Street, one of Springsteen's best songs, who "stares off alone into the night/ With the eyes of one who hates for just being born." Intimations of guilt and the dim promise of salvation shade and deepen the darkness, but for every casualty it claims, there are others who strain against it. "Badlands, you gotta live it every day," Springsteen sings in the opening number...
That prospect is what worries Ways and Means Chairman Al Ullman, who contends that a bigger tax cut would deepen the budget deficit, kick up inflation and irrecoverably lead to recession. He opposes even the $25 billion cut and advocates starting at a lower figure, say $15 billion. But Ullman is not likely to prevail over O'Neill. Earnest, hard-working Ullman lacks the clout wielded by his predecessor, Wilbur Mills, in part because of recent reforms of House rules, which weakened all committee chairmen while strengthening the Speaker...
...nine months of this year. As a result, Europeans are understandably resentful of Washington's feeling that they are somehow or other sponging off U.S. expansion and are particularly wary of calls to pump up their own economies. One consequence of doing so would be not only to deepen their trading deficit with the U.S. but to erode their competitive edge in important "third" markets such as the Middle East...