Word: misinterpretations
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Fears of Recession. The big fear among bankers is that the Federal Reserve will misinterpret the decline in interest rates, which bankers regard as a sign that tight-money policies are succeeding in cooling the economy. If the Board instead concludes that lower rates signify that the nation's money supply should be tightened even more, the resulting squeeze on banks could have serious repercussions. Bankers are not alone in believing that, at the worst, additional tightening could provoke a recession. Raymond J. Saulnier, Eisenhower's last chairman of the Council of Economic Advisers, warned last month that...
...Sweet Jesus, it looks as if Paul dropped a few more of his theological dinosaurs. There seems to be little hope that the Ice Age will recede within the next few eons. Therefore, I shall misinterpret his statement that the Roman Church is the "one only church" into that it is "only one church." He can infallibly lead all the Roman Catholics where he wants-I, for one, am an American Catholic...
...dismayed by Dr. Graham Blaine's statement in the April 12 edition of Time (p. 60). In the space of less than one-third column were juxtaposed ideas about a rise in the illegitimate-birth rate, parietals, and morality. If I didn't misinterpret Dr. Blaine's message, he apparently finds a certain connection among these three phenomena. He "expressed concern" about a seemingly widespread "form of student behavior," then cited the fact that "illegitimate births in the U.S. have tripled in the past 25 years." Partly to blame are "college officials who, by allowing men and women to visit...
...fear of American power-sheer "bluster and growl" to ward off a powerful competitor. Frank even suggested therapy. "In approaching a deeply suspicious person," he cautioned, "it does not pay to be too friendly. Since he is convinced that you mean him no good, he is prone to misinterpret an overly friendly manner as an effort to put something over on him. So a firm, reserved, but not unfriendly manner makes more headway than effusiveness." In many ways, Frank's description was a fair presentation of the present U.S. stance vis-a-vis Red China...
...perversion of history to take the famous words, "All men are created equal," in the Declaration of Independence and misinterpret them as a constitutional basis for declaring that all races are equal. All this phrase meant was that the colonial English gentleman was the equal of the English gentleman in the home country...