Word: orbiteer
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...willing to dip into their nest eggs or go into debt to support their living standards. Joseph Pechman of Washington's Brookings Institution, on the other hand, suggested that much of the shopping splurge has been attributable to a consumer compulsion to buy now before prices shoot into orbit. Yet Brookings Economist Arthur Okun noted that considerable spending has been for goods like furniture and clothing, which have been rising in price far more slowly than other consumer items...
...increases has led to the new flirtation with old solutions. Economist Walter Heller still opposes them but says that "somewhere along the line, a dose of wage-price controls may be what is necessary to give the economy some shock treatments and to lower us out of this inflation orbit." Adds Bosworth: "The choices to stop inflation are either a recession, with 10% unemployment for three years, or controls...
...opponents as Dwight Eisenhower, the State Department, the Congress and the U.N. But it also weaves a story only slightly less convoluted than its prose style. The year is 1956, when the cold war was gelid. The U.S. and the Soviets are racing to get the first satellite into orbit. While CIA Chief Allen Dulles frets and a viciously urbane Dean Acheson argues that a Soviet space triumph may be necessary to shake American complacency, the agency plans to kidnap a top Soviet scientist. Enter Buckley's later ego, ex-Yalie Blackford Oakes, fresh from triumphs in two earlier...
...case of Afghanistan, they showed their willingness to act with direct military intervention. One surmises that they are also concerned about the instabilities created by the Islamic revolution in Iran. But is is also clear that, certainly in recent years, they have not considered Iran part of the Soviet orbit and were willing to live in peaceful relations (including fairly extensive trade) with the repressive government of the Shah. This was much to the dismay of the Iranian Communist Party--the Tudeh--which often complained bitterly. The strong claims made so far by U.S. leaders that the Soviets were heading...
...that standard, which has tended to be surprisingly accurate over the years, 1980 ought to be bullish for investors. During the month that ended last week, every significant measure of investment activity on the nation's two largest stock exchanges rose handsomely, and trading volume soared into orbit...