Word: prods
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...biggest problem that Phifer faces is lack of leadership in the clubs. Sometimes club presidents perform very well their first year, but gradually loss interest in their duties. Phifer, who visits over 30 clubs a year, tries to prod officers to hold regular meetings and offers advice on getting speakers, putting on seminars, and lowering costs, but the officers he supervises are volunteers, and he must treat them gently...
Stopgap Move. In fact, the cutbacks are unlikely to go that far. Beame described his budget as "shock therapy," and it was clearly intended to prod the state legislature into coming through with the $641 million in increased aid and taxing authority that Beame seeks. Last week, in a stopgap move, the state advanced the city $200 million in welfare funds; that will keep the city solvent at least through this week while Beame pursues other means of coming up with the $800 million that the city needs to pay its bills through June and thus avoid a financial last...
...almost certainly a mistake, another self-deception, to assume that President Nguyen Van Thieu could fight the other side to a standstill without U.S. troops or airpower. Even though large numbers of South Vietnamese clearly still wanted to fight the Communists, it might have been far wiser to prod Saigon into a compromise with the Communists...
Such a massive stimulus could prod the economy back to positive growth as early as June, says Economist Otto Eckstein, the chief of Data Resources, Inc. But Greenspan, Treasury Secretary William Simon and other conservatives fear that overstimulation will aggravate inflation just when it seems to be coming under control. They would much prefer the smaller, $22 billion tax-cut proposal, which they figure would be enough to bring on recovery soon after midyear. One dissenter to the mildly optimistic forecast is Arthur Okun. He reckons that even with a tax cut, recovery could be six months off-and perhaps...
Democrats: A recommendation that the Federal Reserve Board expand the money supply by 6% or more in order to make more credit available and quickly bring down borrowing costs. (The rate grew by 4% in the past quarter.) The proposal also calls for the Fed to prod banks to allocate credit to housing, farming and electric-power producers, and away from "speculative and inflationary uses...