Word: sluggish
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Businessmen and economists immediately scoffed at the idea that the problems of sluggish growth and high inflation could be solved that quickly. Charles Schultze, former chief economic adviser to President Carter, called the Administration numbers "wishful thinking." Murray Weidenbaum, Reagan's top economist, and other officials eventually persuaded the Administration to tone down its projections. Yet even then...
...Guiliani says that the only way to sift through the cases is to listen to the tape recordings of the initial interviews between the refugees and INS officers made last year-a time-consuming process-and that Shoob is rushing the Government. Shoob claims he is only forcing the sluggish INS to free those for whom the Government cannot make a convincing argument for continued detention. For the innocents among the imprisoned Cubans and for their supporters, Judge Shoob's order is good news indeed. "The Government was doing nothing, while these people were sitting in a cage," complains...
...machine is a computer-calculated risk for IBM President John Roberts Opel, 56, who last January became the company's chief executive officer. He hopes that the personal computer will contribute to a new period of company growth after several sluggish years...
...less than half the record rate of 2.5 million set in January 1972. Further depressing the market is the growing inventory of unsold completed homes, enough for 9.3 months of sales at the current pace. This is second only to the record backlog of 12.4 months in April 1980. Sluggish starts have idled construction crews, slowed demand for everything from roofing nails, cement and lumber to sashes, sills and sand, and generally contributed to the slowdown in the U.S. economy...
...Chrysler will be hard pressed to stay in the black for the rest of the year. Even though it has sharply reduced the size of its operations and drastically cut costs, the company is headed into the year's slowest selling season. Sales will also be sluggish if interest rates remain high. lacocca last week predicted a good second half of the year for Chrysler and the rest of the industry if interest rates drop to 15% or less. But he added: "If they stay at 20%, look out-it will be disaster...