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Word: leeway (lookup in dictionary) (lookup stats)
Dates: during 1970-1979
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Usage:

...Lessened Leeway. The costs-less-productivity formula is basically the one used by Kennedy and Johnson economists in the mid-'60s to gauge informally which price increases seemed justified. It was eventually criticized by labor leaders for providing too much leeway for businessmen to realize high profits. To overcome that objection in the current plan, the Price Commission added another stipulation: no firm will be able to increase its basic profit per unit of production by raising prices. Businessmen are encouraged to raise total profits by increasing sales, and they are also allowed to increase their per-unit profits...

Author: /time Magazine | Title: The Economy: A Complex Formula For Prices | 11/22/1971 | See Source »

...above or below the official rate. Each government is obliged to buy or sell enough of its own money to prevent any wider swings. At a minimum, the "band" of fluctuation should be widened to 2½% or 3% either way. That would give the money markets greater leeway to adjust currency values so that they could more accurately reflect changes in the world economy without precipitating a devaluation or revaluation crisis. Many economists also go further to advocate some semiautomatic way of triggering devaluations or revaluations, in order to prevent a government from defending a clearly unrealistic currency price...

Author: /time Magazine | Title: The Economy: Changing the World's Money | 10/4/1971 | See Source »

...effect, hospitals in the northern part of the state were willing to go along more quickly than in relatively conservative Southern California. Kansas and Colorado have virtually identical statutes; yet an abortion is far more easily obtained in Kansas than in Colorado. Reason: Kansas courts have given doctors great leeway in evaluating the physical and psychological impact of an unwanted pregnancy; Colorado courts have given doctors there very little...

Author: /time Magazine | Title: Medicine: Legal Abortion: Who, Why and Where | 9/27/1971 | See Source »

Though the sentences for many crimes are prescribed by law, judges often have enough leeway to offer a choice between prison and other punishments-with all sorts of strange conditions attached. It is not clear whether or not those conditions are always legal, but defendants faced with a recent spate of such unusual choices have consistently rejected prison...

Author: /time Magazine | Title: The Law: Better Than Prison | 6/7/1971 | See Source »

...Defense Department had done all this public relations work and couldn't, at that time, raise the projected ceiling. I guess they've realized their error, and are going to leave themselves leeway by projecting 100 as the January limit," he added...

Author: NO WRITER ATTRIBUTED | Title: National Draft Quota Set at 17,000; Ceiling for January Raised to 100 | 12/16/1970 | See Source »

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