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Word: restraint (lookup in dictionary) (lookup stats)
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...United Auto Workers agreed to forgo any wage increases in order to help hold down costs and prevent further layoffs in their recession-squeezed industries. With 335 major wage contracts covering 1.4 million unionized workers coming up for negotiation in the current quarter, a continuation of the wage restraint would be the best evidence that the fight against inflation is really being...

Author: /time Magazine | Title: WageRestraint | 5/10/1982 | See Source »

...still capable of stirring surprising hostility. In a baccalaureate address to his senior class last year, Yale University President A. Bartlett Giamatti blamed Emerson for the ugliest tendency of the American character - "a worship of power." Emerson, he said, "freed our politics and our politicians from any sense of restraint by extolling self-generated, unaffiliated power as the best foot to place in the small of the back of the man in front of you." This is Emerson as the imperialist Rotarian. It is Emerson as Uncle Sam in a Nietzsche suit...

Author: /time Magazine | Title: Essay: The Bishop of Our Possibilities | 5/10/1982 | See Source »

...asking anyone to understand my baseball convictions, just to exercise a little bit of restraint and tolerance around...

Author: By Caroline R. Adams, | Title: The Lament of a Baseball-Hater | 5/4/1982 | See Source »

...Johnson, who helped unleash the price spiral in 1965 by financing the Viet Nam War almost entirely out of federal deficit spending, without raising taxes. Richard Nixon's clumsy efforts to stop inflation by a 90-day wage and price freeze, and later by various "phases" of economic restraint and stimulus, merely made the problem worse. Gerald Ford's jawboning efforts, epitomized by WIN (Whip Inflation Now) buttons, gave the impression that Washington had few ideas on how to cope with price increases. Under Jimmy Carter, inflation reached towering new heights. From an annual rate of slightly less...

Author: /time Magazine | Title: Prices Take a Big Tumble | 5/3/1982 | See Source »

...firing last August of 15,000 professional air traffic controllers for their illegal strike action in a wage dispute, has already helped stiffen the resolve of employers in contract talks. Wages and benefits account for some two-thirds of all U.S. business costs, and the emerging pattern of wage restraint in key industries, such as autos, trucking and airlines, strongly suggests that the slowdown in inflation is now beginning to chip away at the so-called core, or underlying, rate of price increase...

Author: /time Magazine | Title: Prices Take a Big Tumble | 5/3/1982 | See Source »

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