Word: prudent
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...words sounded like those of a business leader lecturing the U.S. central bank about the dangers of letting the economy slump too far: "It is prudent for the Federal Reserve to recognize the risk that such softness ((in the economy)) conceivably could accumulate and deepen, resulting in a substantial downturn in activity." Yet the statement came from Fed Chairman Alan Greenspan, who went public with a surprisingly frank assessment last week that, at least for the moment, a recession has replaced inflation as the leading threat to the U.S. economy. In his midyear report to Congress, Greenspan confirmed that since...
...record-store chain for selling harmful material to a minor. The store sold to a 13-year-old boy a rap album containing a graphic tune about a grotesque sex act. Though the charges were eventually dropped by a grand jury, the chain decided to be more prudent about prurience. "We feel we have an obligation to the customers and the communities we are in to police our sales," says Walter McNeer, an executive vice president at Western Merchandisers. "We do not want to be censors...
...ties with the Chinese government and risk a devastating setback to both strategic and commercial interests? Neither, said the President, who is something of an old China hand, having headed the U.S. mission to Beijing in 1974-75. Bush tried, as he put it, "to find a proper, prudent balance" -- to toe-dance between the horns of the dilemma...
...behind Bush's schedule, so what? The important thing is that the U.S. is fully committed to quick agreement on deep reductions. Bush began talking about conventional arms during the election campaign and now seeks to portray this week's drama as the logical outcome of a "prudent" process. In fact, he made up his mind little more than two weeks before the summit. Even then, Bush moved largely in response to Gorbachev, who had just set forth yet another compelling proposal to Secretary of State James Baker...
HOWEVER, even though we are optimistic about the international scene and view Bush's recent arms proposals in a favorable light, we remain dismayed at the new president's inertia on the domestic front. For while taking an initial cautious approach may be prudent in matters of foreign policy, it seems ill-advised in matters of domestic policy that desperately need to be addressed. Granted, curtailing the drug epidemic in our cities or reducing the nation's budget deficit may not be exciting or dramatic, but they are as vital to America's future as any conventional arms agreements...