Word: reasons
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Dates: during 1970-1979
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...line. They will give the domestic public and foreigners the sense that we really are going to come to grips with inflation." Grove concedes that a dramatic and determined" credit squeeze would depress business activity and push up the unemployment rate. He also thinks the stock market had good reason to flop: "Some of the doubting Thomases who believed we would have at most a mild recession now realize we are going to have a real recession that could significantly reduce profits." Nonetheless, Grove, like Sprinkel, believes that the recession will be less severe than it would have been...
...underwriters-including the Abu Dhabi Investment Co.-were involved in the syndicate selling the issue, and their losses may run as high as $25 million. The main reason was that the Federal Reserve Board jumped the gun in pushing up the discount rate to banks to a record...
...basis and, conveniently, leaving him to take the heat for unpopular decisions. But now, says Jeanne Labrousse, director of the polling institute I.F.O.P.: "We have reached the point where discontent is so high that Barre cannot absorb it all himself." According to Jacques Attali, a leading Socialist economist, the reason is that Giscard and Barre can no longer promise light at the end of the austerity tunnel. Says Attali: "The French are losing hope." According to a survey in the business magazine L'Expansion, three out of four Frenchmen now believe that the economic crisis will be "enduring" rather...
...much altered through the centuries: the Second Vatican Council reiterated that abortion is "an unspeakable crime." Abortion did not become much of an issue among Catholics, or members of other religions, until the 20th century, when some governments began to legalize it. Modern Popes have opposed abortion for any reason "from the moment of conception," and John Paul links it to such assorted violations of human rights as mercy killing...
...filibuster, the legislators did not want it. Edison later took delight in recalling what he had resolved then and there: "Anything that won't sell, I don't want to invent. Its sale is proof of utility, and utility is success." For once, there is no reason to doubt his word...