Word: shrink
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...problem is that a recession would shrink tax revenues and increase Government spending for measures like unemployment compensation. Thus the slump now under way seems sure to worsen federal deficits that already are spiraling out of control. Senate Budget Committee Chairman Pete Domenici estimated last week that the deficit in fiscal 1982 could total $60 billion, vs. an Administration forecast of $43 billion, and could be $70 billion in fiscal 1984, the year in which Reagan has pledged to balance the budget. Red ink on anything like that scale could both delay recovery from recession, because Government borrowing to cover...
...declining teenage population, the increasing cost of a Harvard education, and growing competition frm other schools will cause the College's applicant pool to shrink in the next several years, according to William R. Fitzsimmons '67, acting dean of admissions and financial aid. Fitzsimmons made his prediction at a meeting last week of 125 representatives of the Harvard-Radcliffe Schools and Scholarship Committees. At that conference, he cited a study by the Consortium on Financing Higher Education--an organization of selective private colleges--which projected that the Harvard-Radcliffe applicant pool will decline from last year's figure...
...opening of his press conference last Thursday, "our economic recovery program begins." With the start of the 1982 fiscal year on Oct. 1, some $35 billion in budget cuts enacted by Congress last summer took effect. Social programs that had been expanding rapidly for decades began to shrink, and the nation embarked, at least for a time, on a different economic and philosophic course...
...slice of white bread (rather than 1½), six French fries, nine grapes, and a 6-oz. (not 8-oz.) glass of milk. The story was picked up by TV news and papers across the country. The New York Times's front-page headline: U.S. ACTS TO SHRINK SCHOOL LUNCH SIZE IN ECONOMY MOVE. The merits of the controversy got covered with catsup. Scoffed Pennsylvania Republican Senator John Heinz, a scion of the catsup-making family: "This is one of the most ridiculous regulations I ever heard of." The final straw came when Senate Democrats, including Minority Leader Robert...
Rabbit still runs, not to escape Janice and responsibility but to try to shrink his 42-in. waist. Jogging stimulates him into philosophy: "Life tries to get a grip anywhere, on earth that is, not on the moon, that's another thing he doesn't like about the thought of climbing through the stars." Thought has become Rabbit's refuge and strength. He and Janice and two other couples take a Caribbean vacation...