Word: pump
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Dates: during 1980-1989
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...essential supplies of oil to Zimbabwe from the Mozambican port city of Beira. As a result, streets and highways in Zimbabwe are now largely deserted, many workers stay home, and motorists who insist on filling up must wait for as long as 24 hours for a turn at the pump. Even nature seems to have conspired against the country: much of Zimbabwe is parched from the worst drought in a decade, crippling agriculture, which accounts for 16% of the country's gross national product and provides income to 70% of the population...
...ever about how the economy works. But stagnation and rising unemployment have turned the current economic debate into a brawl. Take Nobel Prizewinner Lawrence Klein, who received the 1980 award for his work in the development of economic-forecasting techniques. Klein, a Keynesian who believes in deficit spending to pump up a slack economy, dismisses the rival supply-side school, which Reagan championed. Supply-siders claim that cuts in tax rates should spur savings and investment and release a torrent of new production. "Our dispute with supply-siders is that their theories are nonsense," retorts Klein. Then he adds...
...necessary, saving the world's financial system will fall to the U.S. Federal Reserve. It is the only central bank *capable, in the words of H. Johannes Witteveen, the former managing director of the IMF, "of creating the necessary liquidity." In effect, the Federal Reserve would have to pump in the dollars that a troubled U.S. creditor bank needed to survive, even to the point where it could fuel inflation in the U.S. Says Salomon Brothers...
...writes. "At the conclusion of all our studies we must try once again to experience the human soul as soul, and not just as a buzz of bioelectricity: the human will as will, and not just as a surge of hormones: the human heart not as a fibrous, sticky pump, but as the metaphoric organ of understanding...
...city, was driving out to use the automatic teller at his bank, the Cambridge Trust Company. Harvard Square branch, when he noticed a slow leak in his tire had rendered it nearly flat. Pulling into a Central Square service station, he was informed that use of the air pump cost 50 cents. Upon checking his pockets, he discovered that he had no money, not indeed any change, though he did have a money order for $20 which he was on his way to deposit. The attendant would not allow him to till his tire without paying. My husband offered...