Word: ruinous
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Some more specific approaches hold promise. Manpower training and public-service-employment programs could cut the jobless rate without producing ruinous inflation. Prices could be held down somewhat by repealing such measures as the Fair Trade acts, which set retail price floors under certain products, and the Jones Act, which prevents U.S. shippers from using low-cost foreign vessels between two U.S. ports. Cost-of-living escalator clauses in labor contracts and the Social Security Act could keep incomes ahead of price boosts. Even so, the more economists try to be realistic in talking about the depressing prospects for unemployment...
...emergency to deal with a potential energy shortage caused by the refusal of coal miners and electrical engineers to work overtime. The Department of Trade and Industry announced that in October Britain suffered a trade deficit of at least $715 million, the worst ever. To prevent a potentially ruinous run on the pound, the Bank of England hiked its lending rate to an unprecedented 13%. The London stock exchange responded by slid ing to its lowest level in two years...
...know that in such places as Japan, India, Southeast Asia−even in the southeastern portion of the U.S.−tropical storms provide up to 25% of available rainfall. If this vital precipitation were ever cut off by man's interference with such storms, the results might be ruinous for farmers, industry and drinking-water supplies. Now many meteorologists are becoming convinced that tropical storms have an even more significant and less understood role: they may well be a crucial factor in maintaining the planet's heat balance, which is essential to the well-being of all life...
...beginning of the last ruinous year of the war. Himmler, who had read various horoscopes that Wulff had prepared for his aides, asked: "What do you think we should do?" Wulff insists that he replied by urging Himmler to stage a putsch, overthrow Hitler and then negotiate a peace: "Your constellations are favorable and Hitler's are bad." Himmler, lacking Wulffs confidence in the stars, equivocated...
...Government council organized in 1971 to cool off wage inflation in the construction industry, Dunlop deliberately shunned any "one number" in reviewing pay settlements, arguing that equity varies widely from contract to contract. Dunlop's success with that philosophy was impressive: average construction wage hikes dropped from a ruinous 18% annually in 1970 to a moderate 5.7% last year...