Word: slackly
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Dates: during 1970-1979
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...figures he can parlay the ten hives he is taking to Kansas into 10,240 hives in five years. Each hive can "cheerfully" produce 80 to 100 lbs. of honey a year. This he will ship east in summer for sale. The music boxes will take up the trading slack in winter...
...Elis had little offense throughout the day, and two first-half fumbles set up Bruin scores. It was the Blue defense that picked up the slack--middle guard Czinger's first of two blocked punts set up a touchdown...
When demand turns slack and unemployment shoots up, Keynesianism can still play an important role. But now the economic pendulum has swung from underutilization of capacity to overstraining of productive resources, and policies aimed at further firing consumer demand without simultaneously increasing investment and supply have become about as useful as Gerald Ford WIN buttons. Says Feldstein: "It is a much more complex world than Keynes or anyone else admits, and it is constantly changing. We know enough to move the economy out of a trough but not to control the business cycle...
...attempt at Tokyo will be to devise a joint three-pronged strategy to 1) cut consumption in order to reduce imports, 2) spur greater effort in developing alternative energy sources, and 3) form a united purchasing front. If forceful joint action can be decided in all three areas, some slack could be reintroduced into the world oil market and some sanity returned to its pricing. In Paris last week, "Sherpas"-the foot-slogging diplomats and economists who have been preparing the climb to the summit for four months-were still poring over a number of possible actions. Among them...
...most other industrial nations have escaped the supply problems that are troubling Americans, but that is beginning to change. Oil consumption in Japan, which grew last year by only 1.5% because of slack in its economy, is now climbing at 5% annually. Japanese officials expect a supply shortfall of perhaps as much as 5% by midsummer. Even Britain, whose oil output from the North Sea is already 1.5 million bbl. daily and climbing rapidly, is experiencing sporadic but spreading shortages at the pump. Last week West Germany as well suffered its first gasoline delivery cutbacks...