Word: goode
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Dates: during 1970-1979
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...Carter is quietly counseling Jimmy [Aug. 6]. She has probably kept him from making many more mistakes. How many wives have you seen put a restraining hand on their husband's arm, be it ball games, barrooms or business, and say "Now, dear." It says a lot of good things about Jimmy that he gives Rosalynn the credit that...
Even in two trips a newcomer picks up a good deal of lore. Pigeon-toed prints usually mean a man is running. You can tell which predator killed an animal by the way the carcass was entered: dogs and wolves eat through the back, lions enter through the rib cage. An old man's tracks tend to be more regular than a young man's. Because shoes conform to a man's feet, you can later identify in court the feet that made a track, even if the shoes used during the crime were thrown away...
Nobody is apt to look back on the 1970s as the good old days. The economy's most disruptive decade since the Great Depression has borne the stagflation contradiction of no growth amid rampaging inflation, the can't do trauma of receding productivity in the nation that was long the world's cornucopia, the reality of an energy shortage in the land of supposedly boundless resources, and the debauch of a dollar that once was "as good as gold...
...Increased Government spending stimulated demand; companies hired more workers to meet the demand; then employees spent, bringing forth more demand and more production, and the virtuous cycle continued. But, says Economist Arthur Okun, long a Keynesian Counsellor to Democratic Presidents: "We were victims of our own success and a good press...
...articles and testimony, Boskin, a Stanford professor, advocates a concise plan. Among his ideas: 1) reduce the size of federal spending as a proportion of the Gross National Product; 2) balance the budget over the length of the business cycle, accumulating surpluses in good years that can be used for tax cuts in hard times; 3) require the Federal Reserve Board to announce a "moderate and predictable" rate of monetary expansion-about 5% to 6%-and stick to it; 4) eliminate the personal income...