Word: hardships
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...annual subsidy, for example, forcing it to make up the difference with bigger box-office receipts or by reducing expenses. As Peking progressively abandons the "iron rice bowl" system (everyone is entitled to basic staples like rice), the Chinese have had to deal with the hardship of unemployment...
...these gains have cost us dearly in economic hardship. A market that takes ten years of slow economic collapse to reduce demand in response to a rise in prices cannot be called "free." It would be callous and foolish for us to ignore the gross imperfections in the oil market, and make the US government play OPEC just to make us less vulnerable to the real OPEC...
Both parties fully realize that the prolonged economic hardship has been, and still is, the nation's most important political issue. It cost the G.O.P. the 1982 midterm elections, and threatens to make Reagan a one-term President. Yet the White House has been relatively adroit lately in reducing the Democrats' ability to exploit the issue. The bipartisan compromise on Social Security blunted one Democratic attack. Last week House Speaker Tip O'Neill conceded, in a public statement, that Reagan had "kept his promise" to move promptly on a jobs measure. Thus, despite serious reverses and anemic...
...mainly the acceleration of scheduled projects, and thus involves only about $700 million in new spending. But from a symbolic standpoint, it allows the Democrats to claim a victory for the jobless while allowing Reagan to meet the charge that he is insensitive to economic hardship and the issue of the fairness of his economic policies...
...cure for Mexico's economic ills will involve still greater hardship. To repair its international financial position, Mexico has promised the IMF to slash its towering budget deficit from 16.5% of gross domestic product this year to 8.5% in 1983 and 3.5% in 1985. That will involve a painful pruning of personnel from the country's more than 1,000 state and quasi-government organizations, plus a sharp curtailment of Mexico's dense fabric of price subsidies. De la Madrid's announcement that he was lifting price controls on 2,700 items is only the beginning...