Word: frugality
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Restrained Frugality. Much of Congress' pre-recess energy was directed toward the hardening of party positions. The Senate's Republican minority last week mounted an impressive effort to defeat the proposed transfer of the Commerce Department's Community Relations Service to the Justice Department, fell short by a 42 to 32 vote that displayed unaccustomed G.O.P. solidarity. After barely failing to eliminate $12 million in rent-subsidy appropriations the week before, the Republican House leadership abandoned attempts at selective pruning, instead touted an across-the-board cut of 5% on all domestic appropriations. Unable to trim bills...
...carrying estimates of official funds and receipts. The importation was surprisingly recent. A formal budget was introduced only 45 years ago by Warren Harding, a man with an eye for figures. He set up a Budget Bureau and named as its first director Chicago Banker Charles Gates Dawes, a frugal fellow who came to deplore "the dirty demagogues of both parties who get the report and besmear and befog it in the minds of the public." Dawes (who became Coolidge's Vice President) had ingenious ways of calling free-spending military officers onto the carpet. On one occasion...
Tears on the Air. A frugal patriarch who kept only one wife and one Cadillac, Sheik Abdullah became a sugar daddy to other Arab nations by financing their projects with giant loans ($470 million last year). So it was that when he died at 70 last week from congestive heart failure, that much of the Arab world joined in Kuwait's mourning...
...straightness of her lines indicate strong will and ability to stick to any course she chooses. She enjoys solitude, as the slight backward slant of her handwriting shows, although her large script reveals that she doesn't mind being the center of attention. She is quite frugal-notice that there is hardly any margin on either side, and little on the top or bottom of each page...
...Frugal Consumers. Despite such basic ailments as lagging small industry, inefficiently operated small stores and heavily subsidized agriculture, Japan's prosperity is propelled by two national habits that almost guarantee economic growth. Japan puts a quarter of its gross national product into productive investment, and its people have learned how to make a little go a long way. Though industrial wages average a meager $102 a month and prices in Tokyo are higher than in New York City, the Japanese save 20% of their income. Even so, nine out of every ten families own TV sets, 72% have washing...