Word: demande
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Dates: during 1960-1969
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...simply does not drop in out of the blue and demand an audience with a famous opera star-especially if the opera star is Maria Callas. The grand diva was in Uchisar, Turkey, for the filming of her first movie, Medea, and Turkish Information Minister Nihat Kursat made a special trip to pay his respects. Kursat walked into the lobby of her hotel, sent a message to Callas announcing his arrival, and quickly received a reply: "I am tired and I don't want to talk to you." Thoroughly humiliated, Kursat flew back to Ankara, where he assured reporters...
...economic policymakers managed to sound downright alarmist as they made a rare joint appearance at a Washington press conference to plead for an extension of the 10% surtax on personal and corporate incomes. That tax, which is due to expire June 30, is designed to fight inflation by reducing demand and increasing the Government's budget surplus...
Both men were obviously waving red flags at Congress, which in economic matters often has a low level of sophistication and which has been delaying consideration of the tax extension. The main trouble lies in the House, where many Democrats demand broad-scale and much-needed tax reform as their price for supporting the surcharge. Hoping to avoid a rapidly developing impasse, President Nixon called House leaders of both parties to the White House. Over coffee, they agreed to make the extension bill more attractive by adding a Nixon proposal to drop 2,000,000 poverty-level families from...
...President Johnson's chief economist, concedes that "it has just been too easy to raise prices and wages. Nobody was scared of losing markets or jobs. Management knew that competitors would follow them rather than fight them. The villain of the piece was just too much demand...
...waiting for the effects to become vis ible. When money is restricted and taxes raised, the usual sequence is that pro duction slows down after some months, then profits drop and businessmen cut back on hiring. Prices are the last to fall. Usually they come down only after demand slackens substantially; some times, they rise right through a recession...