Word: diversionism
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For the board's current chairman, Paul Volcker, perhaps the most frustrating task is figuring out what the President wants him to do. Administration critics have sometimes accused him of pursuing an overly restrictive monetary policy and at other times attacked him for being too expansive and unpredictable. If...
For most of the infielders, it is this mass gathering of people, machines, dripping oil, burning rubber, alcohol and rising fumes that draws them to Indy. The race itself is but one interesting diversion during The Event, The Party. Others return year after year to sit in the same seats...
For Wall Streeters, the sparring between Pickens and Cities Service, headed by Chairman Charles J. Waidelich, provided a refreshing diversion from a miserable week. With the economy stubbornly refusing to show any convincing signs of improvement, Wall Street's five-week slide managed little more than a modest uptick...
Now the old fantasy has taken on a staggering new reality. Under pressure from its water-needy Central Asian republics, and shaken by repeated agricultural failures, the Soviet leadership seems on the verge of sanctioning a water-diversion scheme that would be the grandest engineering project of all time. At...
The diversion, which would take 50 years to complete, would exact an enormous toll. In an area larger than Western Europe, tens of thousands of people would be displaced from their homes. Millions of acres of northern land would be flooded, including great tracts of game forest. Towns and villages...