Word: siphoning
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...against the war; after the trip. it began to lay out plans for summer action against the war instudents' home towns. Peace Action maintained an attitude of neutrality toward the Strike Steering Committee: nonetheless, its very existence as an alternate center for political action against the war began to siphon off students disgruntled with the strike's approach. Several hundred signed up with Peace Action to do anti-war campaigning in their home towns over the summer...
Ideology seems like a feeble check on government, even to Marxists, and scarcely explains why the ruled defer to their rulers. Ceremony does explain. Legend, myth, and self-deception-the pomp of government-"siphon off dangerous emotions" and screen politics from public view. Cabinets, parliaments, and monarchy lacked the substance of power. Crossman wished to strip government of the Noble Lie and confront his audience with the garish clanking of the party machine. He may even have wished to demonstrate the drawbacks of the British system to Anglophile political scientists. But, as the Godkin series proceeded, he showed much affection...
...party $2,000,000 in its drive to overcome a deficit of more than $8,000,000 remaining from the 1968 primary and presidential campaigns. But Harris had failed to consult city and state Democrats in advance. Many refused to cooperate, claiming that they did not want to siphon off money they needed for their elections next November. Why ask donors to contribute to a lost cause when tough new races loom ahead...
...usual, housing will be hit first and hardest because higher interest rates elsewhere will siphon away funds normally available for mortgages. Small businessmen will feel the pinch immediately. Consumers may expect to pay more shortly for auto and appliance loans. Record bond interest rates have now soared beyond the reach of many local governments, forcing them to postpone many projects such as sewer and water lines and school buildings. New York Telephone had difficulty finding takers for a $150 million issue yielding 7.47%. New York's Consolidated Edison had to pay a record 7.9% on an issue...
Still, the stock market's major concern is how fast the Federal Reserve will tighten up the money supply in its campaign to squelch the pressures and psychology of inflation. Rising taxes will make the battle easier and will siphon funds away from investors. On Jan. 1, Social Security taxes went up by $3.6 billion a year. By April 15, taxpayers must give Washington an extra $11 billion in catch-up payments for the second quarter of 1968, when the 10% income-tax surcharge was not withheld from salaries. With a shrinking federal deficit also sucking steam from...