Word: hold
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Dates: during 1970-1979
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...fighting inflation, everybody has to do his share. Government must curb spending, companies must hold down prices, unions must settle for smaller pay increases. That, in brief, is Jimmy Carter's three-sided strategy. For the past two months, the White House has been lecturing Congress on spending and badgering business to put a lid on prices. Last week it was labor's turn in the spotlight, and the results were not encouraging...
Though the Postal Service is a quasi-Government organization, the union leadership is infuriated by the Administration's blunt intrusion into the contract talks. Instead of quietly urging the chiefs to hold down wage demands, the White House has publicly and repeatedly insisted that they settle for no more than 5.5% a year-the same raise that Carter has said he will approve later this summer for 1,350,000 civil service workers. In fact, postal workers already earn an average wage of $15,423 a year, nearly 50% more than the national average for private nonfarm workers...
...gulf between Carter and the union leaders has been especially wide and deep since the President met with AFL-CIO Chief George Meany several weeks ago and tried-in vain-to sweet-talk him into supporting a general wage hold-down. As a union official who attended that White House session told TIME Correspondent Richard Hornik: "Carter came in with his little sermonette, and when we did not accept everything he said, he stopped listening to us. He should realize that meetings like these are not Sunday school...
...which is now projected to top $50 billion, is at least an improvement on the $60.6 billion that Carter had originally proposed in January, but it is still far too large for an economy in the fourth year of expansion. Cutting the budget is the most effective way to hold down prices, and that in turn would be the best persuasion to stop labor leaders from demanding inflation-fueling pay rises...
...remembered, as I sat paralyzed, the pink-rose ridges on the inside of the skull, and how from here on down (she made a gesture just above her forehead) "his head was so beautiful. I tried to hold the top of his head down, maybe I could keep it in ... but I knew he was dead." It was all told tearlessly, her wide eyes not even seeing me, a recitative to herself...