Word: diminisher
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Even if Israel and Egypt do reach an early accord, Middle East tensions will not automatically diminish. On at least one other Israeli-Arab border-the Golan Heights-they will probably increase. Another U.N. mandate on the Golan expires in November, and there is no immediate prospect of any disengagement talks on this front. Syria and Israel both suspect each other of preparing pre-emptive attacks. Last week also, Israel accused Jordan's King Hussein of massing troops for a possible attack-even though the border is quiet and record numbers of Palestinians are crossing the open bridges...
...reject the monetarist heresy of using unemployment or financial policies that inevitably lead to unemployment as a means of dealing with inflation. We are taking specific measures to diminish the impact of unemployment, particularly as regards juveniles and school leavers, and should be shortly announcing special help in the form of employment subsidies in hard-hit areas to help employers to keep on labor who would otherwise be joining the dole queue. That will be cheaper, in fact, to the government than paying dole, as well as socially much more desirable...
...hours before he emplaned for the European Security Conference in Helsinki, President Ford sent Congress a plan that he hopes will end the impasse. It seeks to reconcile Ford's insistence that oil prices must be allowed to rise substantially-in order to stimulate U.S. production and diminish the nation's dependence on OPEC imports -with the Democrats' fears that the rises would be inflationary and impede economic recovery. At present, "old" oil -crude pumped in amounts equal to what was produced in 1972-is price-controlled at $5.25 per bbl.; "new" oil is uncontrolled and sells...
Most of these stories catch authors with their wigs off or their guards down. But not all anecdotes diminish their subjects. For every example of crankiness or distemper, there is a peek at private heroism and unsuspected virtues: Sir Walter Scott dictating three novels while he writhed in agony from attacks of gallstones; Samuel Johnson quietly doing public penance for a childhood act of disobedience committed 50 years earlier; Oscar Wilde, in prison and disgrace, discussing books with his respectful jailer; Poet John Stubbs, condemned to have his right hand cut off for offending Queen Elizabeth I, lifting...
...mushrooming of new barriers to trade" that oil importers would erect, not against OPEC but against each other. In his coldly realistic report, Levy predicts it will take at least three or four more years than the banks anticipate-or roughly until 1983-84-before the problem begins to diminish. Meanwhile, his latest analysis suggests no way out of the box. But he has previously voiced hope that a united front of oil importers could convince OPEC that it is not even in the cartel's own long-run best interest to bankrupt its customers for the sake...