Word: slow
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Dates: during 1970-1979
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However, the two slow ballads from 52nd Street point up the peculiar failing of this album. Both songs work from the success of "Just the Way You Are," but neither is as sincere. "Honesty" is innocent enough, a sweet, simple melody which allows Joel to experiment with a soft vocal. But the song smacks of Elton John's "Sorry Seems to be the Hardest Word," and falls flat into a canned, pop sound...
...made the bold move. He and his aides put together a dollar-rescue plan that amounts to a sharp and startling reversal of previous policies and aims to restore credibility to America's currency. The plan involves serious risks of starting a recession, and, at the very least, will slow down the economy. Thus Carter also risked alienating important Democratic constituencies?labor, blacks, liberals generally. But the Administration's economic team put the program together adroitly, with a sense of drama that won cheers from the world business community and provoked the most volcanic response on financial markets since Richard...
...demands of a growing and inflationary economy. The arithmetic is simple: if real G.N.P. increases 3.5% and prices rise 8.5%, approximately the results expected this year, money supply must increase 12% to accommodate both. If it grows more slowly, then either production or inflation?or both?must slow down. A few economists fear that the bite will come out of production, and they oppose anything but a very gradual slowdown in money growth. "Anyone who calls for a sharper cut," says Arthur Okun, "is advocating recession, and he should come...
Last week's moves by the Fed just might, at last, slow down money growth. The money supply did in fact increase much more gently in October; during the week ended Oct. 25 it actually fell a striking $5.4 billion, to $358.9 billion. Not much can be read into one week's figures, but the drop came even before the sharp jumps in the discount and Fed funds rates. Bankers view the $3 billion increase in reserve requirements as an especially important, direct move to restrain the money supply...
...Speca apparently never told his actors that long scenes without much stage action just don't work very well. The first ten minutes of the show consist of Alice running onstage, falling asleep and not moving during the overture and a less-than-thrilling reading of "Jabberwocky." After so slow-paced a start it was difficult to warm to Alice's long monologue and even longer first song. Through the show, the pace would slow down to a veritable crawl between the larger chorus numbers...