Word: depression
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...Penalizing owners of gas-guzzling cars with heavy taxes may depress the auto industry and increase unemployment. General Motors Chairman Thomas Murphy calls the plan "one of the most simplistic, irresponsible and shortsighted ideas ever conceived." Said Douglas Fraser, a shoo-in as the next president of the United Auto Workers: "Auto workers should not accept a disproportionate share of the burden...
Although Mobutu should have realized that he was making Zaïre more vulnerable than ever to world market fluctuations by concentrating so heavily on copper, he was partly a victim of plain bad luck. He could hardly have foreseen the soaring oil prices that helped depress the economies of his copper-buying customers and multiplied Zaïre's import bills. But there is more to the Zaïre story than that. Mobutu, who styles himself le Guide (the guide), also sank borrowed money-to be repaid out of copper revenues he did not get-into showy...
...Ford has going for him, and he knows it." Ford staffers do not disagree. They are purposely running negative television ads-like the ones that feature fellow Georgians running down Carter's record as Governor-not to convert voters to the President but to undercut his opponent and depress the vote...
...nation seems likely to wind up with an oil-price policy that has some potentially beneficial provisions and some serious flaws. Gradual decontrol is certainly preferable to abrupt decontrol. But the price rollback, while giving some temporary relief to inflation-pressed consumers, probably would boost oil consumption and depress production. And the bill contains no special tax incentives for pumping out hard-to-get oil. In short, Congress has only postponed the tough steps that must eventually be taken to free the nation from its growing dependence on foreign...
Miss Lonelyhearts. An adaptation of Nathaniel West's short novel about a newspaper columnist, a sort of grotesque "Dear Abby," who becomes involved in the lives of his unhappy correspondents. Guaranteed to depress you. At the Loeb Ex, November 20-22, at 7:30 p.m. Tickets available free at the box office the day preceding each performance...