Word: riskproof
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There is no quick, easy or riskproof way to bring down unemployment. It has been caused primarily by a conscious federal policy of restricting spending and money growth in order to fight an oppressive inflation. The restrictive policy has helped reduce the rate of inflation, and that may be one of the necessary preconditions for a recovery. Most businessmen, however, question whether such high unemployment is still necessary to fight inflation. Says Chairman William May of American Can Co.: "This is a national emergency. Things have gone downhill so fast that it is dangerous to say that our high unemployment...
...veteran loans in the same category as those to other students when the two cases are vastly different. It makes no provision for the fact that guaranteed government checks are the means for repayment and consequently rakes in four and one-half percent interest on advances that are admittedly riskproof. Any interest charge on such loans amounts to penalizing veterans for a mistake made by some anonymous clerk in the V.A.'s Boston office...
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