Word: moribundity
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When the FHA was created in the depths of the Depression in 1934, its mission was to stimulate the moribund residential-construction industry by guaranteeing Government repayment of loans made to home buyers. For the next three decades, the agency pursued a conservative policy of backing mortgages almost exclusively in low-risk, middle and a few high-income neighborhoods. But during the late 1960s, after fiery rioting erupted in the ghettos of many U.S. cities, FHA'S policy changed. The Housing and Urban Development Act, passed by Congress in 1968, authorized the agency to help poorly housed low-income...
There are still soft spots in the recovery. Housing starts, after a spurt in May, slumped back in June to a moribund pace of little more than a million a year. Corporate spending on new plant and equipment remains low, and the unemployment rate is still a worrisome 8.6%. Interest rates, whose recent declines had helped lift the economy, have begun to rise again...
...files of the Domestic Council is a study from 1937 predicting that the Interstate Commerce Commission would mean the demise of the railroads. Cannon remembers writing something like that again in 1954 when he was a journalist. And so today the railroads are almost moribund just like the script, but the ICC goes...
Lately, Ford and Kissinger have been working on the agenda for the NATO summit meeting in Brussels this month. At first, they thought that they might launch a series of new diplomatic initiatives to show the world that the U.S. is not moribund. But then they decided that that might aggravate the problem of credibility more than it would help. Thus the approach at Brussels will be steady and low-key. Ford, who will set aside time for every head of state in private, will not propose sweeping reappraisals but will reaffirm old ties, old friendships and promise new dimensions...
...airport itself was sealed. Still, the comparatively wealthy managed to get out by buying small fishing boats in neighboring villages at handsome prices. Many were quick to take as an ominous sign the discreet departure of the Poles and Hungarians, local representatives of the moribund International Commission of Control and Supervision...