Word: recoverable
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Though not necessarily inflationary during a period of extreme economic weakness such as now prevails, the record Government deficits will prove hugely disruptive once the economy begins to recover. That is because the borrowings needed to cover them would tend to "crowd out" private corporations from the nation's...
In fact, the cautious and conservative-minded Saudis are much more likely to use a carrot at Vienna than a stick. The betting is that they will favor holding the official price at $34 per bbl. As for production, the Saudis might decide to raise the spring quotas by about...
Bankers and savings and loan officers are both excited and apprehensive about the Super-NOW. They hope this new weapon in their arsenal will help them recover a large part of the $230 billion in deposits that has been captured by money-market mutual funds. But the banks and S...
If so, we could better be bothered by a comparison from our own time. The modern presidency begins with Franklin Roosevelt, and nine men have held the job. In the 28 years from 1933 to 1961, we had one great President, F.D.R., and two very good ones, Harry Truman and...
Interviewer: You feel that the three principal characters in the opera are Macbeth, Lady Macbeth-to whom you charmingly refer simply as "Lady"-and the witches. The women of the Met chorus dig into their demonic roles impressively. And Mimes, after taking four months off from opera last season to...