Word: incurability
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Dates: during 1980-1989
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Other possible proposals to fight the recession-a big increase in federal spending on public-works programs, for example-incur an even more serious risk of spurring inflation. The biggest danger, therefore, is that the U.S. has got itself into a truly vicious circle: inflation is cured by recession, which is cured by more inflation, which results in another recession...
...will have to look at it. The ironic thing is that they're going to have to do it eventually anyway." For now, however, administrators are not sold on the idea, and something more than the assembly's $250,000 predicted savings would be needed to convince them to incur the educational costs they see in the proposal...
...decades, the Middle East had become substantially more important than the U.S. as a Western European trading partner. Even more important, Middle East oil has become absolutely essential to America's allies. Small wonder that Europe and Japan are hesitant about taking any action against Iran that might incur the wrath of other oil producing states...
...Reserve Board to control "unsecured" consumer borrowing-primarily the use of credit cards, check credit from banks, department-store charge accounts and the like. The Federal Reserve will tell banks and other lenders that, if they expand their lines of credit beyond the totals outstanding last week, they will incur a penalty: they will have to deposit a sum equal to 15% of the additional amount into a special reserve drawing no interest. How to stay within this requirement is entirely up to the lenders. They can refuse to extend additional credit to consumers, cancel the unused portion of existing...
Detroit's leaders hailed Honda's move in the belief that, once weaned from the protection of their government, Japanese firms will have to compete on fairer terms. They will have to pay American taxes, wages and benefits, and incur the same regulatory costs as do American manufacturers. And when Hondas finally start rolling off the U.S. production line, they will face strong competition from new small models, now being designed by Detroit: Chrysler's K car, Ford's Erika...