Word: leste
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...colorfully by Senate Majority Leader Howard Baker when he described Reaganomics as a "riverboat gamble." But there is an irresistible appeal to fall in behind a man when he promises adventure, even when one may not agree with him. Tennyson said it well. "I myself must mix with action, lest I wither by despair...
Survivors faced not only the fear of sudden illness and possible genetic damage, but social prejudices as well, limiting their opportunities for jobs, marriage and normal lives. Some even refused to apply for government medical care lest they become publicly known as A-bomb victims...
...investments by businesses: plants can be written off in ten years, equipment in five years and vehicles in three years. This "10-5-3" formula, strongly favored by corporations and their lobbyists, should theoretically encourage businesses to invest in new factories and replace obsolescent equipment. Some critics, however, worry lest companies use some of their tax savings for other purposes-to reward stockholders with higher dividends, say, or buy up other businesses in the current urge to merge. But Ted Eck, chief economist for Standard Oil Co. (Indiana), does not agree that business gets a windfall from the new allowances...
...prime U.S. real estate. SAMA'S vast holdings of dollars, German marks and Japanese yen are a worrisome wild card in money markets from New York to Tokyo. Adding to SAMA'S menacing aura is its abiding secrecy. Western moneymen guard the identity of most Saudi investments lest they be blacklisted from SAMA's select roll of middlemen...
...FALLOWS points out, there are two rigid and opposing orthodoxies on the question of national defense. On the left, activists splash blood on the Pentagon and protest every weapons system the military requests. From the right, tougher-than-thou Congressmen endorse every bad idea that comes out of Lockheed, lest the Russians gain an edge. And in the middle there's been next to no one combining expertise and objectivity. Fallows, one of the nation's best reporters, begins to fill that center with his new bestseller, National Defense...