Word: perilously
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...favorite saying of the late Arthur Burns when he piloted the Federal Reserve Board through the inflation-ridden 1970s, and it applies with equal force to the dilemmas facing Government policymakers in the wake of the stock market's Crash of '87. A babble of conflicting voices warns of peril in almost any course the economic managers might take to reduce the budget and trade deficits and force the country to live within its means. And those warnings cannot be lightly dismissed. There are in fact risks, magnified by years of drift, in any conceivable action on taxes, spending, interest...
...despite recent rumors, he is not looking for a way out of the White House. Nor is the President or Nancy, whose approval is requisite, listening to conservative calls for his ouster. Baker says he loves the job, particularly the chance to work closely with Reagan. "My greatest peril," he quips, "is that I will run out of good stories before he does." Besides swapping yarns, the two men share remarkable self-assurance and poise...
...drop out of school. Further, the majority of Asian-American students do not reach the starry heights of the celebrated few, and an alarming number are pushing themselves to the emotional brink in their quest for excellence. Many also detect signs of resentment among non-Asians, an updated "yellow peril" fear. In particular, the country's best universities are accused of setting admissions quotas to restrict the numbers of Asian Americans on campus...
...inlet on the Gulf Coast of Florida, some 200 million cu. yds. of sand have been carried seaward by the tidal currents. In North Carolina, where erosion this year alone has cut into beachfront property up to 60 ft. in places, the venerable Cape Hatteras lighthouse is in peril of the encroaching sea. Soon it must either be moved or surrounded by a wall. Otherwise, it is likely to suffer the fate of the Morris Island light, near Charleston, S.C. Once on solid land, it now stands a quarter of a mile offshore...
Some experts are dismayed by the prospect that local zoning boards may now act with excessive caution. "I think communities must be free to plan and take chances," says Curtis Berger, a Columbia University law professor. "They ought not to be forced to plan at their peril." Worries Jim Williams of the Washington State Association of Counties: "Right now we've got a small tiger by the tail, and we don't know how big it's going...