Word: grips
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Because of this prospect, the Federal Reserve Board-whose crusty chairman, Arthur Burns, has sometimes complained that the Fed has been forced to shoulder too much of the burden of fighting inflation-will only gradually relax its tight grip on the nation's money supply. In late summer, the board indulged in a bout of miserliness that resulted in sky-high prime lending rates and shortages of funds for mortgages...
...Europe may well have developed alternatives to imported oil-coal, nuclear power, and North Sea oil-that will loosen the grip of Middle East politics on its economy. Chevalier cautions, however, that the alternatives will not be cheap: "The era of inexpensive abundant energy has ended...
...service, suspicious of inefficient government, and sympathetic to reform to provide best performance from tax dollars. As recent events have shown, these are virtues in short supply at some levels of our party as well as the Democratic. But in Cambridge--where the Democratic Party has held a death grip for decades--there can be no question about the need for an alternative. The sooner the better...
Obviously, Vice President Hall does have a firm grip on his own corner of reality. "Harvard will have to cut its consumption by 30 percent to meet federal expectations." However, the easiest administrative solution should not be mistaken for the fairest. A hard examination of priorities by the entire community rather than reflexive and apocalyptic suggestions from the administration are very much in order. For openers, it would be nice to have some information on the feasibility of other alternatives. Could one wing of each house be kept heated? Would a cut-back of a few degrees make...
WHAT COULD be more appropriate for this tired, old nation than an energy crisis? The middle east is too far away and Watergate is far too complex to get a grip on. But a lack of energy--now there's something the Geritol addicts who run this nation can really relate...