Word: sluggishness
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Dates: during 1960-1969
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Morgeuthau went on to consider the problem of the "stagnating economy." He said that the economy is sluggish, and that we have reached a plateau, be a need for a complete change in our economic philosophy, he commented, because the present economy "is no longer dynamic enough for our growing population...
Industrial investment, one of the economy's most sluggish sectors, is to be spurred by substantial new tax allowances on new plant and equipment that should pump close to $300 million a year back into industry and allow it to compete on better terms with European manufacturers. Exports, which have not risen in the last three months, are helped indirectly by the biggest cut ever made in the government's stiff sales tax on autos: the new tax, slashed from 45% to 25% of a car's value,* will save consumers close to $300 on an average...
...confronting these cliched, silly estimates of what happened in Cuba, Warren Miller's new novel undertakes an important job. Stylistically, however, the-author dissipates his energy in a sluggish attempt at parable as he describes Jonathan Weller, a wealthy, purposeless North American, adrift in Havana during the winter of '58-'59. Driving relentlessly toward the city is Revolution, a process that will free Havana of a mortification so extensive that Weller fails to sense its reality. And in this kind of blindness, in assuming that a nation can exist as a playground for him and his, Weller stumbles toward...
...equally precise performance of Haydn's Symphony No.6, "Le Matin," since this work requires agility from the woodwinds and brass as well as the strings, and relies on soloists within the orchestra. But, in fact, the Haydn came off at least as well as the Bach. After a slightly sluggish start, Layton moved the orchestra onto the solid, fully-packed tone one looks for in a classical symphony. Layton followed what seems to be the current musical fashion and took all the repeats. Unfortunately, by repeating Haydn's musical joke in the last movement four times, he killed it rather...
...economic growth is sluggish, argues the First National City, largely because the U.S. tax system perversely "favors consumption and penalizes production." In no other major industrial nation are taxes that tend to discourage the incentive to produce so high and those that tend to discourage personal spending so low. Between federal and local levies, First National City's economists figure, the U.S. raises 78% of its revenues by means of taxes on income and capital, and only 22% through sales taxes and other taxes on spending. By contrast, Japan draws 33% of its revenue from sales taxes, Britain...