Word: pump
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Dates: during 1970-1979
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...Look at condominium control and rent control. New housing can do something positive," Agee says. Building more housing and attracting nonpolluting industry can ease the pressure of the housing crunch and pump in new revenues for the city, he adds...
...Chicago's Harris Bank. "The Fed's actions greatly increase the odds of getting inflation under control in the longer run." Sprinkel has long argued that the old policy of trying to control the money supply by fine-tuning key interest rates often forced the board to pump more funds into the economy than it wanted to, thus aggravating inflation. "Now that they are focusing on central control of [banking] reserves," he says, "and assuming they follow through, I think it assures that we are going to have more stable money growth." Sprinkel adds that the new policy...
Central banks and private holders are reluctant to accept any more dollars, whose value declines almost daily. OPEC countries in particular are attempting to put new oil earnings into marks, yen or gold. Says Washington Economic Consultant Harald Malmgren: "The Arabs have learned that they pump oil out of the sand, hold the dollars, and the dollars turn back to sand." Nervous central bankers also fear that dollar holders will suddenly try to move large funds into another currency or into gold. Warns Karl Otto Pohl, president-designate of the German Bundesbank: "If this mass of dollars ever begins...
Second, steps are needed to prevent wasting and polluting. The obvious place to improve water use is on the farm. Agriculture consumes 80% of U.S. water, notably because farmers pump out more than they really need when irrigating...
Aside from Dave and his friend's antics, the plot is fairly straightforward--Yates builds up to two big races, both rousing enough to get audience cheering. The first brings down Dave's illusions about the Italian racers he's been imitating--one of them sticks his hand pump in Dave's pedals to make him crash because he's starting to pull ahead. The second race is a grudge match for Dave and his friends. They are, for the first time, invited to enter a team in the local college's invitational "Little 500." A long-standing rivalry between...