Word: grips
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...will run after every ball hit to him, refusing to concede a winning shot, was evident in the boy who listened politely to his critics?and ignored them. "When I was twelve, people told me that if I want to be successful, I must change my style, change my grip, give up this two-handed backhand. I said I would change, but I knew I wouldn't. The truth is I am a very stubborn person. I was hitting the ball and it felt good to me, so I said to myself, why change? It is important to find your...
...followed him out the door. Weizman denied any such intention, but he told TIME last week that he would not be unhappy to see Begin's government collapse. In fact, the timing of his departure could hardly have been calculated to do more damage to Begin's grip on power. Beset by an annual inflation rate of 122%, blamed by the Egyptians for the deadlock in the Palestinian autonomy negotiations, and burdened by incessant squabbling within his fractious Cabinet coalition, Begin's government had grown precariously weak...
...levels of business inventories and the expectation that the recession will end by early next year. Unlike 1973, when businesses started the recession with large stocks of unsold goods, they now have modest inventories. This economic downturn has been predicted for so long that companies have kept a tighter grip on production and not amassed excessive backlogs. A drop in customers thus will not result in immediate widespread firings. Says a Capitol Hill economist: "In certain industries inventories are getting out of line with demand, but we're still avoiding the speculative buildup...
Though interest-rate temperatures were going down, the U.S. economy remained in intensive care. Inflation psychology, which had long led consumers to buy just about anything at any price because of fears that costs would keep rising, seems to have lost its grip. A public increasingly concerned about job security has begun to pull back at the check-out counter. Installment debt rose by only $1.4 billion in March, a 38% drop from the February rate; the consumer confidence index of the Conference Board, a Manhattan-based business study group, reached its lowest level since the 1974-75 recession...
...nation's central bank denies that it is changing its policy course. It insists that the unprecedented free fall in interest rates is the predictable result of its success in getting a better grip on the money supply. Last fall, when Volcker switched tactics in the attack on inflation and decided to concentrate on controlling the growth of the money supply rather than the level of interest rates, he warned that the rates would rise sharply but then also fall rapidly. With less money available to meet loan demand, rates at first rise. But when credit demand falls...