Word: prospects
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Dates: during 1970-1979
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...White House appearing to be against a tax cut, a difficult situation with an election year coming up. Congress whipped together a compromise that would continue the tax reductions while vaguely promising to try to control spending. Ford agreed to live with that rather fuzzy promise, and the prospect was that he would sign the compromise bill this week...
...Nazareth election could encourage Israel's 400,000 Arab citizens (12% of the total population), who are now fragmented among several Jewish-led parties, to gather together in a single political organization and thus possibly exert real power at the polls for the first time. With this prospect in mind, some unhappy officials in Jerusalem are already pondering the question in St. John in the New Testament: "Can there any good thing come out of Nazareth...
...that an appropriate policy? Republicans Sprinkel and Murray L. Weidenbaum, former Assistant Secretary of the Treasury, say yes: they think that the recovery now in prospect is the fastest that the U.S. can afford without kicking up inflation. Democrats Heller, Okun and Pechman insist that there is so much slack in the economy that a more expansionary policy would speed recovery and bring the jobless rate down faster while producing little or no added inflation. Yet Pechman concludes resignedly that in the present political climate, an extension of the 1975 tax cut and a money supply growth within Federal Reserve...
Savage Cuts. Throughout the summer and deep into the fall, the prospect of a default by New York City on its mountainous debt threatened to abort the recovery by wiping out most of the value of billions of dollars of city securities held by banks and individuals across the country, and by making it difficult for other cities and states to raise money in the bond market. Finally, President Ford, who had adamantly refused to "bail out" New York, agreed to $2.3 billion in federal loans this year, after the city had made savage cuts in expenditures and agreed...
American Threat. That prospect does not trouble those Canadians who believe that their national identity is seriously threatened from south of the border. "We have to create our own identity," said Faulkner in a recent interview. "We have to protect ourselves. The alternative is to be simply overrun by the American arts and cultures...