Word: reductionism
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Dates: during 2000-2009
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The House then passed an even more fanciful resolution, combining the dreamy economic assumptions of the Senate with some illusory savings of its own. For instance, more than $3 billion in deficit reduction for 1986 would supposedly come from curtailing the practice of contracting out to private industry such services...
The disquieting bulletin from Bethesda comes at a time when Reagan's most prized initiatives--tax reform, arms control, deficit reduction--are drifting if not sinking. His game recovery will undoubtedly arouse popular sympathy, but it may not do much to soften skeptical congressional leaders, much less Soviet negotiators.
Foreign-exchange traders were also responding last week to congressional testimony by Federal Reserve Board Chairman Paul Volcker. He announced that Fed policy will continue to be "accommodative," allowing the money supply to grow. That could translate, traders calculated, into still lower interest rates, which would make it less attractive...
At first there was little hope of a Reagan reversal. When Vice President George Bush sat in for Reagan at a meeting with Democratic members of the Senate Finance Committee, Spark Matsunaga of Hawaii asked if a convalescent Reagan might be open to the idea of a tax hike. Replied...
The walkout began after Wheeling imposed an 18% reduction in wages and benefits for its 8,200 workers in Ohio, West Virginia and Pennsylvania. The company, which filed for bankruptcy on April 16, acted after a federal judge ruled that its old labor contract could be annulled. The union immediately...