Word: sluggish
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Dates: during 1970-1979
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HOUSING CREDIT. Aimed at spurring the sluggish housing industry, this provision will subsidize anyone who buys a previously unoccupied house or apartment between March 13 and Dec. 31. The buyer will be allowed to subtract from his 1975 tax bill 5% of the purchase price, up to $2,000. Construction of the house must have begun by last Tuesday. Though this provision may help reduce the backlog of 600,000 unsold new homes and condominiums, it could hinder the sales of older houses. Cost to the Treasury: $600 million...
...against her feminist standard bearing, Mrs. Ford says that she is determined "to keep on plugging." The ERA, which has been ratified by 34 states since it was approved by Congress in 1972, is still four states short of the necessary three-fourths majority. To speed up this sluggish process and increase the amendment's chance of ratification, Betty Ford has taken to the telephone with a zeal for public fray not seen in the White House since Eleanor Roosevelt...
Thus it can serve as a guide as to how much stimulus might be needed to spur a sluggish economy. The greater the budget surplus is by this measurement, the more the economy is reined in and deflated. Yet, notes Nathan, while the jobless rate will continue to hover at unacceptably high rates, the Administration estimates that the full-employment surpluses will be large and sharply rising: $12 billion in fiscal 1976, $29 billion in 1977, $33 billion in 1978, $45 billion in 1979, $61 billion...
...Italy, supply him with the special slabs that he specifies for kneading dough. A French factory manufactures his unique upright asparagus cooker. These bestsellers are delivered-and sold-a thousand at a time. That largesse may give patrons great entrees, but it also gives Fred Bridge new impatience with sluggish buyers-and fresh skepticism about the current headlines...
...great this "ripple effect" might be is anybody's guess; sluggish demand will certainly restrain some price increases. But some of the guesses are frightening. Senator Stevenson figures that the energy program could eventually raise living costs for the average family by $1,000 a year, or four times the $250 in direct fuel increases that the Administration estimates. A. Gary Shilling, chief economist at the Wall Street firm of White, Weld, fears that price increases forced by energy costs could total not $30 billion but $60 billion. That may be overblown, but if the increases go as high...