Word: need
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Dates: during 1970-1979
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...what the profession itself calls "elasticity." The sensible notion is that people respond to the specific incentives of price and supply and that, given the right incentives, the market itself is better equipped than the Government to bring about lower prices and more supplies of what people want and need...
...Federal Reserve Board over the years has jumped back and forth capriciously from tightening the nation's money supply in an effort to slow inflation, to running the printing presses full blast when the economy seemed in need of a lift. But its new chairman, Paul Volcker, seems committed to a more consistent and tougher policy. Last week the Fed lifted its discount rate, the amount that it charges for loans to commercial banks, from 10% to a record 10˝%, suggesting that even in the face of a business slowdown the board is at last determined to halt the excessive...
Obasanjo, a devout Baptist who became the military regime's leader in 1976, has had only mixed success in persuading Nigerians to curb their big spending. The need is urgent because the country's appetite for grandiose public projects, as well as for needed social welfare programs, far outstrips its oil reserves. But Obasanjo has had no trouble at all in selling his people on a return to democracy; Nigerians, as one Lagos official says bluntly, are "tired of dictatorship...
Forty-one states have laws on their books requiring that defendants go to trial within a specified period. However, these laws do not always work: they are vague and ambiguous, and judges are lax in enforcing them. When the laws do work, there is a need for more judges to handle the load and civil cases are backed up. Lawyers complain that they do not have time to prepare their cases, and that means that some prosecutions simply get dropped. Because of such arguments, the Federal Speedy Trial Act, expected to go into effect last month, has been postponed...
...after an overlong section on diet, conclude that foods that tend to make runners sick should be avoided before races. The two walking books, both titled The Complete Book of Walking (Simon & Schuster; $10, and Farnsworth; $9.95), have been padded out with chapters explaining such obvious things as the need to wear well-fitted shoes or to pay attention to traffic while walking along highways...