Word: restraint
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What little restraint there is on spending has resulted not from Johnson's pleas, but from inflation and the tight money it has brought. High construction costs forced South Dakota to delay a $125,000 building for a school for the blind; a $70.5 million New Orleans expressway project was held up a second time when no underwriters could be found; bond issues were deferred in Cincinnati because interest rates were just too steep...
...Reflecting some Britons' fears of depression-style mass layoffs, one cartoonist drew a portly Wilson in a wide-lapelled 1930 suit with a breadline in the background. At the same time, the Labor government's spending has expanded despite Wilson's promise of restraint. In September, public-housing starts topped private housing 18,000 to 14,900. By the second half of 1967, predicts the London and Cambridge Economic Bulletin, public capital spending will exceed private capital investment, $3.70 billion to $3.65 billion, thus giving nationalized industry predominance in the British economy for the first time...
...networks, Cronkite is happy to say, have shown considerable restraint and responsibility in not stooping to a tabloid treatment of the news, the crime and sex coverage that he is sure could quadruple their audience. They are moving, he believes, not in the direction of sensationalism but toward greater professionalism. The widespread use of communications satellites, he says, will cut down the high costs of landline charges; and with the savings, he hopes, the networks will build up their news-gathering services. Further miniaturization of equipment will make TV teams less obtrusive when they go out on a story...
Beyond such guidelines, the committee is flatly against "expanded use of the contempt power against the news media or the enactment of statutory restrictions." For one thing, news media have recently shown "impressive" restraint. For another, the Sheppard decision clearly suggests that trial judges can and should combat inflammatory reporting by many other devices-holding pretrial hearings in private, granting continuances and changes of venue, selecting jurors from distant localities, sequestering jurors to make sure that they do not read the newspapers and readily ordering mistrials when they...
...remedy this, he calls for "liberal intervention," strongly suggesting that the Government should spend much more prodigiously and regulate prices and wages with much more firmness. But he neglects to deal with what should be done when, as at present, an economy cries not for stimulus but restraint. Keynes was a defender of economic freedoms. He actually said that governments should reduce spending or increase taxes in times of inflationary excess demand. It is hardly likely that he would have accepted Robert Lekach...