Word: panacea
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There is no panacea for solution in Vietnam; there is no dramatic reversal of policy that can assure immediate success...
...Panacea. Only twice before in the 20th century have Britain's economic troubles required a devaluation of the pound, and both times the step was taken by Labor governments. Britain's first devaluation was in 1931, when it went off the gold standard in the midst of the Great Depression; that move forever tarnished Labor Prime Minister Ramsey MacDonald's image in his party. The second was Attlee's in 1949, when none other than Harold Wilson, then head of the Board of Trade, took a major part in planning the devaluation. Properly done, a devaluation...
...rural life may be atypical of life in most crossroads communities around the country. Even so, 200 small towns have disappeared in the past 20 years, and they will almost certainly be depopulated at an even greater rate for years to come. If Lady Bird had no instant panacea for the vanishing America, she at least gave it a heart-plucking epitaph: "Here lies fresh air, a place to play, friendly neighbors. It was great while it lasted...
...pending in the Senate, where the Judiciary Committee last week heard former CIA Director John McCone ad mit that a check on incitement might sometimes be helpful. However, McCone, who headed the presidential commission that investigated 1965's Watts riot, warned that antiriot legislation would be no panacea. "What worries me," he said, "is the climate that might prevail in the country. I feel very deeply that unless we answer this problem, it is going to split our society irretrievably. The temptation is to say this is hopeless, but I think we have to stay at the job until...
...proposals, it is one that much be hard pushed. Otherwise, the Fed will have to depend on its own monetary solutions. No doubt Congress will reduce the 10 per cent figure to six or eight per cent before voting on it; even at 10 per cent it is no panacea: the tax hike will not eliminate the deficit, it will just reduce it. Nor will it stop inflation; the surtax will be a brake to help slow the economy down. Fiscal policy, such as the tax hike, is effective only when employed at the first signs of an economic trend...