Word: depressive
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...economic advisers. Most notably, a number of economic aides sensibly favored an additional tax of 100 to 300 on each gallon of gasoline on the grounds that it would not only offset revenue losses caused by granting some tax relief to the poor, but above all, would also depress demand and lessen the nation's dependence upon overpriced, inflation-fueling foreign oil. But in the end, the President was swayed by the arguments of his political advisers. They warned that such a proposal would be poison at the ballot box and have practically no chance of being enacted...
Other demographers disagree. An increasing number of people believe that the Government should use its influence -or even its power-to depress the birth rate even further. Some support heavy taxes to discourage large families; others go so far as to urge the issuance of "licenses to procreate" or even mandatory abortions after a second child-extremes that rightly shock believers in freedom to procreate. So far, demographers point out, the U.S. Government, through its income tax structure and in other ways, like home loans, has been mildly "pronatalist," that is, supportive of child bearing. Nonetheless, the U.S. birth rate...
...shortages of oil, steel, paper and other products. For that, corporations need not the short-term funds they can borrow at the bank prime but the long-term money raised by selling new issues of bonds or stock. But as towering interest rates make bond issues costly, they also depress the stock market by luring money away into such high-yielding investments as bank certificates of deposit. The Dow Jones industrial average last week fell below 800 for the first time in five months and closed at 802.17, down 24% from its January 1973 peak...
Already battered by soaring inflation and a declining economy, the nation's housing industry recently has been jolted by another blow: skyscraping interest rates that are drying up mortgage money and threaten to depress construction even further. A continuing slide in housing would seriously diminish chances for an economic upturn later this year, and last week the Administration attempted a rescue. President Nixon announced a series of steps that would pump $10.3 billion in cash and credits into the sagging industry...
...Kael still felt somehow guilty about moviegoing: "And the theaters frequented by true moviegoers--those perennial displaced persons in each city, the loners and the losers--depress us," she wrote. The true moviegoers were never displaced. Some people spent seemingly all their time at the Brattle or the Welles (the addition of the bar made it possible to live inside the Brattle building for "an indefinite period of time," albeit on a liquid diet, a Crimson critic noted in 1957) but the people lining up for the first Bergman and Bogart festivals led real lives that the movies helped enrich...