Word: slow
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Dates: during 1970-1979
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...boasts that he has sold Eric Clapton better than anyone, but Clapton's RSO albums (like the recent Backless) are bleached-out blues for easy listening. Coury's golden ears have helped create a theme song from the new RSO movie Moment by Moment that seems just right for slow dancing in elevators. Consequently, Coury is often on the aesthetic defensive, making heated claims for such slick popsicles as the Bee Gees by stating, "They're having a greater impact on music today than ten Bruce Springsteens! Rita Coolidge sings their songs and so does Frank Sinatra...
...problem that the country has to face is whether it really wants to get the basic rate of inflation down very substantially, to cut it, say, in half. There is no way to accomplish that without going through a recession and having a couple years afterward of very slow growth...
Heller excepted, members of the Board of Economists reply: 1) the soft-landing outcome is possible, but unlikely; 2) even if it does happen, so what? Real G.N.P. may not decline for two successive quarters-the technical definition of recession-but it will slow to such a crawl as to bring about a substantial rise in unemployment. Says Washington University Professor Murray Weidenbaum: "If it isn't a recession, it will still feel like...
...weekend). Less sought after are religious sects, because their followers are often poor as church mice, and federal officials, who must live on the Government's average $35 per diem travel allowance. In between are teachers' groups which may be frugal but do meet in the industry's relatively slow summer and Christmas vacation months.* The only major conventions in New York City over the holiday weeks will be those of academic groups like the Modern Language Association and the American Philosophical Association. Says Wayne Dunham of Chicago's Convention Bureau: "These are the days when the poor liberals meet...
...general economic instability caused by the slumping dollar. Schmidt enlisted the help of French President Valéry Giscard d'Estaing to convince other E.C. leaders that it was time to act. He argued that "a zone of monetary stability" was necessary to revive lagging economic growth, slow inflation and make Europe immune from the dollar's malaise...