Word: restraint
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Marcos responded by discarding a memorized four-paragraph speech for a longer, more emotional, off-the-cuff oration. The President of the Philippines paid feeling tribute to the President of the U.S.-who needs every encomium he can get. "We thank you for utilizing your powers with restraint and wisdom," said Marcos. "Leadership is the other side of the coin of loneliness, and he who is a leader must always act alone. And acting alone, accept everything alone." Thanking the U.S. for moving so swiftly after World War II to grant the Philippines independence after 48 years of colonial rule...
...Restraint & Rejection. One irony of the program is that it brings out not only the fight against Whitey but the fight between the different generations of Negroes. Again and again, middle-aged and older Negroes sound the Uncle Tom-toms of caution and restraint (mother to S.N.C.C.-worker son: "You're endangering your daddy's job"), while the kids reject the older generation in toto ("We got to do it on our own; we can't take your word...
...stop is so serious that Harold Wilson has taken "steps that have not been taken by any other democratic government in the world," as he told President Johnson. The steps: freezing wages and prices throughout Britain for six months, to be followed by another half-year of "great restraint." The wage freeze is the more important in the gimlet eyes of Britain's foreign creditors, who have put up more than $3 billion to defend the pound. For if Wilson cannot hold down wage increases in a period when his other taxation and monetary measures are taking hold...
With unemployment at a low 3.9% and factories straining at 93% of capacity, neither business nor labor shows much sign of adopting self-restraint while Washington continues to stoke inflation by spending money it doesn't have. "Industry has no choice other than to pass along higher costs, of which labor is responsible for the lion's share," says President Charles C. Gates Jr. of Denver's Gates Rubber...
...Better Way. In their move to raise rates, banks ignored an appeal for restraint from Treasury Secretary Henry Fowler. "Surely," he begged, "there is a better way to limit credit than by simply raising its price." There is certainly. The Government itself could cut spending, thereby allowing the Treasury to curb its own borrowing; this not only accounts for a big share of the credit demand that worries Fowler but also tends to expand banks' ability to inflate credit. Reason: the Federal Reserve Board must often pump money into the economy to ensure that the Government can sell...