Word: formulaically
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...started by dedicating years to road work; Dan has toured only once. Becker and Fagen seem satisfied sitting in the studio, sipping Cuervo Gold, calling in friends for an occasional overdub, growing old and rich. And America eats it up. Easy rock with a pseudo-Latin chacha, the formula hits its peak. Even the fast songs sound slow, thanks to the preposterously uninspired dribble of the guitar solos...
...long time after World War II that formula worked, but decades of Keynesian policies have now trapped the economy in a blind alley. The Government taxes away too much of the wealth generated by private business and wastes it in often unproductive expenditures. Though individual industries may overproduce, supply in the economy as a whole no longer grows fast enough either to provide jobs for all the people who want them or to absorb the demand created by Government outlays. The result: the nation suffers from simultaneous unemployment and inflation...
...Cuts. Reagan is committed to the so-called Kemp-Roth formula for cutting personal income tax rates by 10% in each of the next three years. There will be some more direct incentives to savings and investment too. New York Congressman Jack Kemp, co-author of the Kemp-Roth plan and newly elected leader of the House Republican Conference, argues for a 40% acceleration in the tax write-offs that businessmen can take on investments in new plant and machinery and for a reduction in the maximum capital gains tax rate from 28% to 20%. Others are pushing for further...
...being Vice President: I have not been given any specific functions. I have talked to Reagan about my responsibilities. But I think the Mondale formula is a good one. The way in which he was a generalist was good. That is what I would like to be. What I want is for people to wake up in two years and say, "You know, this guy really did something." But I will keep a low profile, and I will not have hurt feelings when people ask, "What happened to George Bush?" How much I do depends on how little I have...
...latest demand for the release of 52 American hostages-the infamous $24 billion "guarantee" that President Carter had angrily and accurately described as "ransom." Nonetheless, Administration officials decided that a final offer just might succeed. The U.S. negotiators placed two hopes on the latest effort: first, that a suitable formula could still be found for satisfying Iran's demands for financial guarantees; second, that the Iranians would prefer to strike an eleventh-hour deal with Carter than take their chances with the incoming Reagan Administration...