Word: milde
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...figures showed business continuing to perk along despite attempts to dampen inflation by curbing growth. Prices charged by wholesalers rose another 1% in October, while the index of "leading" indicators, which is supposed to foreshadow future economic trends, rose by a strong 0.8% in September. The net effect: the mild downturn that both the Administration and the Federal Reserve desire seems to have been postponed indefinitely...
...inflationary effects of defense spending are sufficiently mild so that the decision about how much is to be spent on arms should be made on other, noneconomic grounds." It is notable that those years when the Pentagon budget was largest in real dollars, and took its greatest share of the G.N.P. and federal budget, were also the years when the nation enjoyed some of its lowest inflation rates. In 1955 inflation was nil, and in 1965 it was around 2%. Increases of more than 2,000% in Government spending on health and housing in the past decade, declares Nunn, show...
...better known as a director (An Unmarried Woman). The genius' wife is deserting him, he is a hypochondriac and chicken to boot. One imagines he might crack under the add ed strain of the caper, but he never does, and Mazursky's portrayal of a mild-mannered man is only mildly amusing...
...come to grips with inflation." Grove concedes that a dramatic and determined" credit squeeze would depress business activity and push up the unemployment rate. He also thinks the stock market had good reason to flop: "Some of the doubting Thomases who believed we would have at most a mild recession now realize we are going to have a real recession that could significantly reduce profits." Nonetheless, Grove, like Sprinkel, believes that the recession will be less severe than it would have been had inflation been allowed to rage on unchecked...
...Senate seemed to edge closer to approval of the pact last week despite the setback caused by the uproar over the Soviet combat brigade in Cuba. That issue was somewhat defused when Senate Foreign Relations Committee Chairman Frank Church, who had helped trigger the crisis, introduced a mild resolution that he had worked out in advance with the White House. He proposed that before SALT can be approved, "the President shall affirm that. . . Soviet military forces in Cuba are not engaged in a combat role and will not become a threat to any country in the Caribbean or elsewhere...