Word: lid
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Dates: during 1980-1989
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...bankers bearing gifts are trying to circumvent Government regulations that limit competition among financial institutions. The Federal Reserve's Regulation Q has long kept a lid on interest rates that banks or savings and loans can pay. Banks have sometimes attempted to get around that law by giving lavish gifts instead of paying interest. One New York bank, for example, offered an $84,000 Rolls-Royce Silver Shadow to anyone who would deposit $160,000 for eight years. But there were no takers...
...other method is a concession to bourgeois ideology. In our country, where socialism has been victorious, where there has arisen a moral and political unity of the people unprecedented in the history of mankind, there is no special basis for different directions in art." Thus the lid clamped down, and it has remained down ever since, condensing the bland, dull, obsequious and piously idealistic nature of official "realism...
...average of 56% and set off a series of tax reductions around the country. Though its passage is by no means assured, Proposition 9 is another bold thrust in California's tax revolution. Since 1978, the state has indexed personal tax rates to inflation, put a lid on budget increases and abolished the business inventory tax. Moreover, Governor Jerry Brown has handed taxpayers $695 million in special tax credits. California's treasury has survived all these shocks in large part because of a hearty surplus fed by a vigorous economy that has become a modern cornucopia. TIME Correspondent...
...have more confidence in the ability of government to shape the future," Sullivan counters, but he too says "to a certain extent what we are doing is putting a lid on a pressure cooker. Occasionally, though the lid can be kept on, depending on how much pressure gets turned up under the pot." Should the ordinances and the controls fail, there is another line of resistance, though. "What we're doing is buying time to get our act together." Vickery explains. "right now, our efforts are fragmented." If the city's housing authority, redevelopment office and city planners work together...
...criticism, biographies, memoirs. In his practicing, as in everything about the piano, he goes his own way. There was, for instance, the time he closeted himself to prepare for an important concert. Friends, hearing no music, opened his door to investigate. He was seated at the piano, but the lid was closed. On it rested a chessboard on which he was intently playing against himself...