Word: slow
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Dates: during 1970-1979
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...question is, will these budget cuts slow inflation? Unfortunately, the answer is a qualified no. While the cuts may shave a little off the inflation rate, deficit spending is not the main source of inflation. As Carter himself has noted, several essential items such as food, housing, medical care and energy are the most pressing sources of inflation. Deficit spending may lower the amount of money in the economy and so affect aggregate demand slightly, but there is no guarantee that it will affect the inflation rate in the guilty sectors...
Most of the summer was not nearly that interesting, however. Most of my time was spent picking fruit to the ever-so-slow ticking of my watch. The peasant lifestyle was very different from anything found in America, and especially different from life at Harvard. Intellectualism was worthless in Moras En Valloire--nothing counted except how quickly a person could pick the peaches. It was a hard life, one in which a person spent most of his waking hours working, with few diversions and only the simplest of pleasures...
Forget the joke of a meet against the Dutch national team. That 44-41 win was garnered in slow motion. Cruise speed will return this weekend...
...newest of Harvard's varsity sports has gotten off to a slow start this season, but the latest signs have got to be encouraging for coach Joe Bertagna and his women's ice hockey team...
From the White House point of view, the budget's key accomplishment was lowering the projected deficit to $29 billion. With the economy now in the fourth year of recovery and expansion, there really should be no deficit at all; but attempting to slow the flow of red ink is a move in the right direction. For that, Budget Director James Mclntyre deserves much credit. Unlike years past, when Carter involved himself deeply in the budget-drafting process and reviewed the document virtually line by line, this year he left the task largely to Mclntyre. The budget boss mainly...