Word: reform
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Dates: during 1980-1989
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...anemic growth rate put added pressure on Congress as it debated two initiatives that may have a profound impact on the economy: a sweeping reform of the tax system and a plan to reduce the $200 billion-plus federal budget deficit. Some lawmakers fear that tax reform, which may hike Government revenues in the short run, when combined with a federal spending cut could deaden an already weak economy. Said Representative Jack Brooks, a Texas Democrat: "We could be staring a raging recession right in the face...
...leaders across Western Europe are increasingly pro-business. Says Herbert Giersch, director of the Institute of World Economics at the University of Kiel, West Germany: "The European Commission, even under a socialist president, is pushing toward a decontrol of the capital market, a breakdown of the airline cartel and reform of agriculture policy...
Almost a year has passed since Reagan deftly outflanked a congressional sanctions bill by imposing limited trade restrictions on South Africa. Yet little has happened to indicate that the Administration's trade restraints and quiet diplomacy have met with any success. Botha's halfhearted gestures at reform have been upstaged by the state of emergency, now in its seventh week. The intransigence of his Nationalist government has only hardened antiapartheid sentiment among U.S. politicians and voters. More and more legislators feel that 1) the American public wants sanctions, and 2) economic measures are the only remaining leverage for change...
...sparked a worldwide protectionist outcry. He has said repeatedly that the Japanese must try to open Japan's normally inaccessible markets to world goods, though real progress has been slow. "Making Japan more open to the rest of the international community," says a government- commissioned blueprint for economic reform, "is in Japan's own national interest...
...moment, though, her top priority is clearly to keep the military in line. The armed forces have already chafed at Aquino's attempts to reform the army by replacing veterans with her own choices. They have voiced their displeasure at her offer of amnesty to the Communist guerrillas of the New People's Army even as she pledges to punish human-rights abuses within her own forces...