Word: ruinous
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Dates: during 1980-1989
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...only libertarians or, shall we say, democratic-socialists of the old mode who now remain in Britain are the likes of Tony Benn and Michael Foot and the radical democratic Labor Party. Only democratic socialism can save Britain from Maggie Thatcher's ruinous corporate socialism...
...this puts a heightened premium on "symbols." Symbols and substance are both important, but for a President to confuse the two can be ruinous. He has to use symbols and symbolism - but not as ends in themselves and not as a substitute for substance...
...face of it, the President's case looked like a strong one. Oil imports are still running at a ruinous 6 million bbl. a day, and a new tax would probably cut consumption. Indeed some experts urge a fee of not 10? but 50? or more (most European nations now charge nearly $2 per gal. in taxes). Even so, claims the Administration, the 10? charge would save 100,000 bbl. a day. Congress's refusal to impose any tax will therefore be hard to explain when Carter goes to Venice later this month to coordinate allied energy policies...
...were further stung when Congress imposed stringent fuel economy standards. These dictated that each manufacturer's fleet of cars would achieve 18 m.p.g. by 1978, increasing each year, to 27.5 m.p.g. by 1985. Already burdened by costly safety and emission standards, Detroit screamed that the mileage standards were ruinous. With the lead time for all-new cars a minimum of five years, the industry felt it scarcely had time to comply...
...staid journal of politics and literature under longtime Editor Norman Cousins. In 1971 it was sold to entrepreneurs Nicolas Charney and John Veronis, who turned the magazine into four separate monthlies on arts, education, science and society. The new format was confusing to readers and financially ruinous. Saturday Review went bankrupt in 1973, and Cousins came to the rescue. He ran it for the next four years and converted it to a fortnightly. Under Tucker, the magazine added more reportage and brighter graphics. But it continued losing between $500,000 and $1 million a year. (To keep losses from going...