Word: demands
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Dates: during 1970-1979
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...worse inflation. Robert Heilbroner argues that the postwar measures to avoid another Crash and Depression have "put a floor under the downward movement of the economy." This guarantee against disaster, in Heilbroner's view, has changed economic expectations so much that corporations raise prices and unions demand higher wages more recklessly than they otherwise would. The result is faster inflation. Thus the cure for the Great Crash, seen from this perspective, has created side effects that must be treated if the nation is to avoid the Great Inflation...
...says the University of Minnesota professor who was President Kennedy's chief economic adviser. "If they had done any less, the world markets would have responded terribly negatively. Yet the costs are high. The Federal Reserve is taking the agony route to lowering inflationary expectations: squeezing down total demand in the economy, thereby weakening both product and labor markets. Increasingly people are going to be squeezed out of [credit] markets at those astronomical interest rates." Heller does not, however, expect "a full-fledged credit crunch like we had in 1974." He also thinks that the U.S. can avoid...
Before that deadline was up, Zimbabwe Rhodesia's Prime Minister Abel Muzorewa accepted the British draft unequivocally. He then repeated his demand that the British meet their "legal and moral obligation to immediately lift [economic] sanctions and lead us to international recognition." The only dissenter in Muzorewa's twelve-man party was former Prime Minister Ian Smith. He denounced the British pact as "madness" and flew back to Salisbury to rally white support against...
Abortion. The Pope's sermon on the Washington Mall sent shock waves through America's politically powerful Pro-Choice movement, which espouses total freedom to abort. But even among relatively liberal Catholics there is negligible backing for abortion on demand. In fact, no front-rank Protestant, Eastern Orthodox, Jewish or Muslim theologian has yet developed a serious argument for totally open abortion, though most countenance abortion in extreme cases, such as when the mother's life is threatened...
...person's right to life is violated at the moment in which he is first conceived in his mother's womb," he has said, "an indirect blow is struck also at the whole of the moral order." He urged the cheering crowd in Washington to "demand that society give all life its protection...