Word: prospectively
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Dates: during 1980-1989
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...absurd. The chairman of the Federal Reserve, for example, makes $60,662, compared with $581,533 for the chairman of Citicorp; the Secretary of Defense makes $69,630, compared with $1.2 million for the chairman of United Technologies, a major military contractor. Yet Congress has consistently panicked at the prospect of hiking its wages during tough economic times. When the matter first came up last week, the House voted 2 to 1 to raise its pay 15%, to $69,800. But then the lawmakers got cold feet: a move to revoke the increase was barely defeated when the House deadlocked...
...more praised for her honesty than condemned for her behavior. John Kennedy quickly took responsibility for the Bay of Pigs and saved himself endless days of press search through the Pentagon and the White House for those who had misled him. Moral: once a public burning is in prospect, act swiftly before the kindling can be gathered...
...income elderly to junking Ronald Reagan's New Federalism because it runs, says Stanford Historian David M. Kennedy, "against the tide of history." While all this was going on, Reagan was holed up in the White House, listening to his assistant Edwin Harper describe the intriguing, if intimidating, prospect that the U.S. economy was a creature that could not be managed either by Keynesian or supply-side theory...
...other country has a greater stake hi De la Madrid's success than the U.S. Never in more than a half-century has the U.S. faced even the faintest threat of political instability or hostility along either of its two long, undefended borders. That prospect, no matter how remote, has inspired a blend of acute concern and well-intentioned sympathy for Mexico's plight. Says U.S. Ambassador to Mexico John Gavin: "We want Mexico to be free, and we want Mexico to be prosperous. Why? Enlightened self-interest...
...unforgiving as this year's outlook is, the prospect of a prosperous selling season was even dimmer 49 years ago, when Sears, Roebuck & Co. published its first Christmas catalogue. In that Depression year, unemployment was almost 25%, and the Sears "wish" book carried the blue eagle of the National Recovery Administration on its cover. The dollar as we know it today was worth...