Word: recession
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...pity that more men do not realize the pleasures and benefits to be had from membership in one of the various musical organizations in the University. The Freshman Glee, Banjo and Mandolin clubs, which practice through the winter and give three or four concerts shortly after the spring recess, offer an opportunity not only to make new acquaintances...but also to gain valuable lessons in singing or instrumental playing." And when the Union, then run as a club reported that its enrollment lists were not full, he scolded: "It is not the men really unable to afford...
...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...
...four mayoral ballots cast by the council were inconclusive--no one got the necessary five votes, and no one appeared likely to win a majority if the meeting went all night. So when councilor Saundra Graham moved to recess the meeting for a week, there was no opposition...
...shut down. Placed in a no-win situation, Congress grudgingly gave Reagan the minimum he had demanded: a temporary funding bill that extends present spending levels only to Dec. 15. So the battle simply resumes when both President and Congress return to Washington this week from the brief Thanksgiving recess, and there are no guarantees that it will not go down to the deadline again...
...measures Congress took up again last week after returning from recess included small increases for both the NSF and the NIH, which last year spent $3.56 billion and $1.04 billion, respectively. The National Endowments for the Arts and the Humanities each received far smaller cuts in their budgets than Stockman had asked for. The Museum Services Administration, which Stockman had sought to eliminate, received $9.6 million. "Considering where we could have been with some of these things, we escaped in pretty good shape," says Richard G. Leahy, associate dean for research and the allied institutions. The backlog of grant applications...