Word: diverts
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...Some economists also dispute the contention that jawboning really works. Inflation, they stress, is caused by loose Government fiscal and monetary policy, which unleashes excessive demand in the economy. Jawboning may hold down prices in individual industries, says Nixon's CEA Chairman Paul McCracken, but that "may only divert inflationary pressure and make other wages and prices rise more...
Whatever their merit, such arguments now seem somewhat irrelevant. Jawboning may indeed only divert inflationary pressure during a period of excess demand, but Arthur Burns, chairman of the Federal Reserve Board, believes that the deflationary policies of the last year have already succeeded in wringing excess demand out of the economy. Inflationary pressure now comes from 1) union drives for huge wage increases to catch up with past price boosts, and 2) businessmen's insistence on passing along pay increases by raising prices. It is precisely in such a situation that jawboning and the use of guidelines...
...supposedly unfrozen funds will be slow to trickle down to the states and municipalities. That might be just as well for the nation. Most of the extra money would go to build highways -hardly the country's most pressing social need-and a spurt in highway construction would divert resources from the genuine need of private housing.Said one Administration staff economist: "I can't understand all the excitement about the construction bit. It's all really sort of a shell game...
...Dean May, having announced his presence over the bullhorn with the Resolution on Rights and Responsibilities, is speaking in soothing tones of liberal curriculum reform. If repression hasn't stifled discontent, will caption do the job? Will the promise of a little more novelty and fun in the curriculum divert attention from substantive issues and suppress just demands for fundamental reform...
What is concealed in the quote is an exaltation of food as a visual, tactile, plastic, colorful art form. However, because food is also so functional, its aesthetic qualities are often overlooked. Edibility, food's singular characteristic which tends to divert our attention from its artistic nature, is precisely the element which makes it a unique, almost complete, art form...