Word: hold
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Dates: during 1970-1979
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...then adding one-half of the nation's prevailing inflation rate. By that formula, the guideline for overall industrial wages would be about 5% (that is, the rate of productivity increase added to one-half of last year's 6% inflation rate). The plan's authors reason that a hold-down on wages would be the surest means to reduce the inflation rate. As Wallich told Congress's Joint Economic Committee in February: "A considerable body of research indicates that prices in the long run are basically determined by wages...
...plan that offers a tempting carrot was conceived by Arthur Okun, a Brookings Institution senior fellow and a member of TIME'S Board of Economists. In April. Brookings will hold a two-day closed-door seminar of economists to debate the Okun proposal; an open meeting of business and labor leaders is planned for midyear. Participation in his plan would be voluntary, but companies that held wage increases to 6% or less and price increases to 4% or less would be granted a 5% rebate on their federal income taxes. As an inducement for their cooperation, employees in such firms...
...Carter and Co., based mostly on friendly persuasion, is so weak and ineffectual that even White House insiders mock it as "wishboning." That is a category of soft talk inferior even to the old "jawboning," which other Presidents used?with distinctly mixed results ?in the crusade to hold down wage and price rises...
...wrote. "Life is the fruit they long to hand you/ Ripe on a plate. And while you live,/ Relentlessly they understand you." A wife and mother who put her family before her muse, McGinley rebutted feminists who belittled homemaking. Said McGinley: "We who belong to the profession of housewife hold the fate of the world in our hands...
Another escape provided Beling with a fourth point. The final period began with the Harvard heavy on top, trying to hold on to his slim lead. Mygas escaped and then picked up a penalty point to tie the score when Beling was called for stalling...