Word: excessions
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Little Chance. Administration officials insist that since U.S. factories are operating at only about 80% of capacity and 7.5% of the labor force is unemployed, there is little chance that budget deficits will generate the excess demand that kicks prices up rapidly, at least through 1978. By then, Government economists expect to begin whittling down the deficit by a combination of budget cuts and increased tax revenues to be generated by a healthily expanding economy. In addition, Administration officials figure that the deficit for fiscal 1977 could wind up as much as $10 billion below the $68 billion officially projected...
Hoffman said the "Israeli form of excess legalism" is a stumbling block in establishing peace. The negotiators cannot "leave loopholes through which whole armies can march," he added...
...problem confronting the International Business Machines Corp. these days is unusual indeed: What to do with $6 billion in excess cash lying around in company coffers? The embarrassment of riches afflicting the world's largest computer maker (1976 sales: $16 billion) was spotlighted last week when Chairman Frank T. Cary announced that IBM wants to spend $1.1 billion to buy back at least 4 million shares-almost 3% of the total outstanding-at $280 a share. The company's stock closed last week...
Lance Morrow's Essay, "The Great Kissing Epidemic," smacks of some great research fun, although I appreciate its serious commentary on problems of excess. Nonetheless, we have needed some freedom from old Victorian strictures. I submit that Morrow might have paid some tribute to the flower children of the late '60s as partially responsible for the thaw...
...diamonds, romances, affairs, riots and more adorned her every step. We knew all about it. Time, Newsweek, People, CBS, The National Enquirer and The New York Times had told us so. We listened to the vulgar details for the same reason we watched her on the screen. She is excess. She exploits extremes of love and hate and self-adornment. She articulates those feelings inside us and pushes them to their extremes. Intensity: we love it and we need it. And that need, vicarious or otherwise, is very real. Without the Elizabeth Taylor in us life certainly would...