Word: recession
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Dates: during 1980-1989
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...resolution was the brainchild of Democratic Senator Edward Kennedy of Massachusetts, who returned to Washington after the holiday recess last January deeply impressed with the burgeoning grass-roots movement against nuclear arms. Republican Senator Mark Hatfield of Oregon agreed to join him as sponsor, and the two lawmakers spent several weeks lining up other supporters. The single-page resolution calls upon both Washington and Moscow to "pursue a complete halt to the nuclear arms race," asks for a bilateral ban on the "testing, production, and further deployment of nuclear warheads," and urges "major reductions" in stockpiled weapons...
Moderator Frederick Houston, a local lawyer, announced that one more article, placed on the warrant by petition of 5% of Newfane voters, would be deliberated before the lunchtime recess. "It won't take long," said Houston, who then quickly read through item 18, which urged "a mutual freeze on the testing, production and deployment of nuclear weapons, and of missiles and new aircraft designed primarily to deliver nuclear weapons, with verification safeguards satisfactory to both countries...
...Shelton did take his own life, Wacker said, that would bring the number of Harvard student suicides over the last decade to 15, the most recent one being that of a graduate student over Christmas recess. Seven of the suicides have involved undergraduates and seven have been graduate students, he added
...already promised customers that it would make price cuts retroactive to Jan. 13, the day after the agreement with the union was reached. Auto sales are expected to be very slow until a deal is struck. Complained a top auto company executive: "The agreement in principle and the recess of talks have hurt the whole industry. When GM puts the market on hold, the rest of us go on hold...
...That nasty recession, it went and lowered expectations. But who "did" the recession? Ah, well. The logic of the supply-side stream has slowed to a trickle; why not take another boat? Christen it while Congress is still worried about "old" problems like taxes and spending. Call it the New Federalism. All aboard! Nothing succeeds like "success"; nothing recedes like recess...