Word: enacts
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...there is a second principle at stake, which Star interprets as "the simplistic belief that 'bigness is badness.' "Agreed: there are those who simply don't like big business and who would freely use the antitrust laws to enact their views, However, a closer look reveals a large, reliable body of scholarship, which demonstrates the adverse consequences of one of a few firms controlling the bulk of a market--irrespective of their conduct. Ironically, for example, some firms in difficult-to-enter markets gain high profits which are unrelated to superior business practices or R&D. The general idea...
...budget document concedes "would impose extreme pressures on financial markets-[and] undermine the outlook for continued monetary restraint, reduced inflation and economic growth." To begin with, the estimate that the fiscal 1982 figure will stay a hair below $100 billion depends on the highly dubious assumption that Congress will enact further cuts in such programs as food stamps, welfare, Medicare and Medicaid to take effect in the remaining eight months of the year. The $91.5 billion projection for fiscal 1983 assumes not only that the legislators will accept all of Reagan's proposed reductions in social spending, but that...
Read never allows Milson's ordeal to stray into abstractions. His characters talk about history and ethics, but they enact them as well. Questions blossom from events. Why is Ludley methodically drinking himself to death? Why does his wife want him to sleep with Helen, a runaway English schoolgirl who has fetched up at the villa? And why is Ludley, who once spouted Nietzsche and spurned conventional behavior, resisting...
...late 1970s. In a significant political coup, Reagan last year overrode legislative machinery that Congress had designed specifically to give itself permanent control of the budget process. For the moment at least, dazed lawmakers will have to accept, reject or amend presidential proposals rather than enact their own. The President's triumph was the latest skirmish in a seesaw struggle over spending that has gone on since the founding days of the Republic, even though Article I of the Constitution theoretically gives Congress primary power over the federal purse. The first Congresses appropriated lump sums that Presidents George Washington...
...hill. The defendants, owners of the truck, insisted that the driver must have been doing more than 85 m.p.h. A solution came to Merritt one day as he watched Hollywood Stunt Man Alan Gibbs put a car through a midair roll on TV. Why not have Gibbs re-enact the accident on videotape? That was fine with Gibbs, 40, a specialist in motorized mayhem whose credits include racing, spinning and virtually flying Burt Reynolds' Pontiac Trans Am in the 1977 film Smokey and the Bandit...