Word: lag
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Dates: during 1970-1979
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Largely because the slow recovery has caused tax revenues to lag, the Federal Government this week will close its book on fiscal year 1971 with a deficit of about $22 billion. Expert estimates of the red ink in next year's budget range up to the same figure-if the economy does not substantially improve. Aside from its economic effects, the deficit gives Nixon a negative political credit rating, particularly among the many Republicans who disapprove of unbalanced budgets. If the fat deficits continue, says one presidential counselor, they "could make Lyndon Johnson look like a fiscal conservative...
...month lag between the decision and the announcement had a curious effect on the eventual reception Bok received. After such a long, complicated, and often boring search procedure (The Atlantic Magazine appropriately called it "a model" for presidential searches on other campuses) oriented publicly toward finding the ideal man, people did indeed begin to believe that whoever was chosen must necessarily be ideal. The final list of 23 was greeted with a sigh of relief for the number of names which had been dropped from the previous larger list, and the impression of conciliation lingered for a month as people...
...cited the five to six-year time lag between materials contained in the articles and the date of publication as a major drawback in the government's claim to a violation of national security...
...smile is there, but one wonders how deep. He is polite, but there is a thin, cool curtain between him and his audiences. Flashes of boredom occasionally pierce his sentences, which often lag behind his thoughts, and sometimes there are no verbs or objects. It keeps nagging that he is in something that he may not want, but as long as he is there he will get on top of it, maybe even manage it. The sense that he can listen to and understand another man's ways, a large measure of John Kennedy's charm, still eludes...
...hope. Says Peter Vlachos, Dreyfus Leverage Fund's manager: "The market is now anticipating that the Administration's reflationary measures will work, that full employment will be restored, and that inflation will not return to its former gallop." Investors figure that if the economy continues to lag and drag, the Administration will have to reduce taxes (see page 82). Sifted through this kind of faith, even leaden news is transformed into gold. Investors even took an optimistic view of last week's report that the industrial production index declined from 165.4 in January to 164.8 in February...