Word: expanding
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Dates: during 1970-1979
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...puzzles me how the Federal Reserve believes higher interest rates can slow inflation. Interest rates add to costs, which, in turn, contribute to higher prices. They demoralize the securities markets and shut off the flow of capital that business needs to expand capacity and increase productivity. They do not stop the growth of credit because big corporations will pay any price to get money for working capital...
With consumer prices climbing, politicians belatedly have begun thumping the tub to squeeze out wasteful and excessive Government spending. Yet when it comes to cutting specific programs that benefit their own constituents, most lawmakers run for cover. One egregious case: Impact Aid, an ever expanding relic of the 1940s. Almost everyone in Washington agrees that it should be sharply reduced, but Congress is moving to expand it, adding well over $200 million in needless expenditures to next year's projected budget deficit of $48.5 billion. Having examined the tangled story of Impact Aid, TIME Washington Economic Correspondent George Taber filed...
...this year will cost $770 million and benefit 4,100 of the nation's 16,000 school districts. The Senate will vote shortly on next year's Impact Aid program, and proposed changes could well send the cost leaping to nearly $1 billion. Some members, for example, want to expand the coverage to include children of postal workers, and even foreign embassy kids...
...private sessions, he had come under withering criticism for his country's gigantic trade surplus ($17 billion last year), which helps to undermine the world's monetary stability. Through a big public works program, Fukuda is trying to create greater buying power at home and thus expand imports. Japan has succeeded in holding the volume of its exports to last year's levels; but the value of those exports has shot up 20% this year due to the rise of the yen against the U.S. dollar. Ironically, a number of the country's domestic producers...
...rash of multiple births in recent years. That encourages the ripening of several eggs at one time. To get at the eggs, Steptoe turns to laparoscopy. While the woman is under anesthesia, an incision is made near the navel. Inert gases are pumped into the abdominal cavity to expand it and separate the organs, and the laparoscope is inserted to seek out appropriate eggs, which are then sucked into a small hollow needle...