Word: slowdowns
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...Japan's best customer, and the strength of the American recovery is being anxiously watched by Japanese officials for any sign of slowdown-which Japan does not need. When oil prices went through the roof two years ago, Japan's economy went through the floor. Heavily dependent on once cheap oil to fuel its breakneck postwar expansion, Japan slid into its worst recession in 30 years. Recovery has been slow, and the government's attention has been diverted from important economic matters by the Lockheed bribery scandal (marked last week by the arrest of four businessmen...
That is Burger's diagnosis. Some staff personnel at the court privately offer three ad hominem explanations for the slowdown: the Chief Justice himself, Associate Justice Thurgood Marshall and Associate Justice Harry Blackmun. Burger's numerous off-court activities have cut sharply into his time for court work. Justice Marshall has been frequently ill this term, and the work of his law clerks on whom he has relied in the past for excellent writing has been uneven...
...brisk and salutary in the months ahead. A temporary easing of the sales upturn sometime soon would scarcely be unexpected. Says Paul J. Markowski, chief economist of Argus Research Corp.: "Consumers are merely pausing to reassess the situation. We had a big rush of spending in March, so a slowdown is not surprising...
...long such a slowdown might last seems to depend on what happens to prices. Says Sidney Jones, the Treasury Department's top economist: "The heart of consumer spending is confidence that inflation is under control, and the key to keeping people buying is to keep prices at a reasonable level." Right now, after slowing to a mild 2.9% early in the year, inflation is once again moving up slightly: in April the rate climbed to 4.9%, due largely to higher costs for food and fuel. As a result, several polls, including one by the Conference Board, a business-sponsored...
Irrelevant Languages. Glazer provides a useful civics lesson in how difficult it is to stop bureaucratic action once it has been set in motion. When President Nixon was making headlines for his supposed slowdown of desegregation in the South, just the opposite was happening, says Glazer. Bureaucrats directed by Leon Panetta, head of the Office of Civil Rights, ignored Nixon and kept pressure on the South. While the end was desirable, the means were dangerous. Panetta even withheld relief to noncomplying Southern school districts in the wake of Hurricane Camille in 1969. Writes Glazer: "There is much to be learned...