Word: halting
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...good, then why is there so much nervousness in the air? Why is the dread word recession turning up in more and more conversations? The inescapable fact is that the economy is facing dangerous potholes ahead that could badly jolt the expansion or even bring it to a jarring halt. The dollar has plunged to disturbing lows, and interest rates have recently spiked upward. Inflation may be roaring back: last week the Government reported that in April wholesale prices skyrocketed at an annual rate of 8.9%, the worst monthly performance since October 1985. For the same period, industrial production fell...
Certainly the spate of post-Watergate reform legislation has been undermined by unintended consequences. Campaign-spending laws spawned a proliferation of political-action committees. Strictures against lobbying by former Government officials have failed to halt revolving-door Reaganism. The very act of drawing statutory limits almost seems to guarantee that most behavior will cluster just this side of legality. As Education Secretary William Bennett puts it, "What I worry about is a legislator who says we have an ethics crisis, let's do something about...
...Europe's peacekeeper over the past 40 years. Ryzhkov replied with a detailed discussion of Soviet arms-reduction aims and complained about France's nuclear policy. "Unfortunately," he declared, "at present we do not see France among those who intervene against nuclear deterrence or those who wish to halt the roulette of military peril in Europe...
...plenty of his own in the wake of the Iran-contra scandal. In addition, Reagan has to deal with a Congress that has become increasingly protectionist. As America's trade deficit has steadily grown, political leaders have become more and more vocal in their demands for a halt in Japanese imports. Tokyo last week released new figures showing that Japan's worldwide trade surplus ballooned to an astonishing $101.4 billion in the twelve-month period that ended in March. Some $52 billion of that bulge came from trade with...
...Dortch, 55, the new president of PTL and Bakker's former chief aide; $360,000 last year and $250,000 as of March to David Taggart, 29, another Bakker aide; $160,000 in 1986 and $50,000 this year to Shirley Fulbright, a PTL executive assistant. Falwell ordered a halt to bonuses and all other remuneration, apart from salaries, for PTL's 2,000-member staff. Said Falwell, who earns $100,000 a year from his Lynchburg ministry: "I don't think any reasonable person could believe these salaries are acceptable. In my opinion, no ministry in America pays pastors...