Word: discounted
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Dates: during 1980-1989
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...guilty on all eleven counts of the indictment, which charged that the defendants had "cut a deal" with Cannon in a face-to-face meeting in Las Vegas on Jan. 10, 1979, and agreed to sell the Senator 5.8 acres of choice Teamster-owned property at a $200,000 discount in exchange for his help in blocking a trucking deregulation bill. In fact, the deal hardly got beyond the talking stage, and Cannon voted for the deregulation bill when the Senate passed...
...make a major change in economic performance over the next couple of years would be a further easing by the Fed." Agreed De Vries: "The Fed is moving much too slowly." By coincidence, shortly after the meeting at TIME ended, the Reserve Board announced that it was lowering the discount rate that it charges for loans to banks by a half-point...
...Portillo's economic mistake was to ignore the consequences of the global oil glut that began to develop in early 1981. Although some oil-producing countries began to discount their prices in response to the weak market, Mexico stubbornly held out a while longer. As a result, customers canceled their contracts. All the while, López Portillo continued to borrow money as if nothing had changed. But rising international interest rates began to put a severe strain on Mexico's ability to meet its loan obligations...
...magnify it into the whole truth, blocking out all evidence of continuing or looming trouble. Says one former aide: "You have to be careful with him. If you had nine bad items to tell him and one good one, he would latch on to the tenth favorable item and discount the other nine. The blind spots are very troubling...
...overcommitted, and we are preoccupied and confused. There are 500 of us and only one of him. Thus the gap grows and eventually we can no longer see him as a real human being. Once we have lost our awareness of his humanity it is easier for us to discount him, to pull insensitive pranks on him, not to show him the compassion he needs after being hurt...