Word: soaks
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Dates: during 1980-1989
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...Administration very convincing when it argues that the deficits will prove somehow less disruptive than earlier ones because they will be caused by tax cuts instead of increased Government spending. That distinction actually means little since the impact of the deficits will be the same: they will soak up capital that could otherwise be used for productive, job-creating investment. Says Otto Eckstein, chairman of Data Resources Inc., an economics consulting firm: "In the situation that we have now, deficits do not necessarily mean inflation. But they do mean loss of capital formation and productivity. That is the kind...
...once claimed it would be to increase defense spending, cut taxes and balance the budget all at once. When faced with the conflict, he decided the first two goals took a higher priority. But the clear prospect of continued high deficits has helped keep interest rates high and soak up the money available for private business investment...
...Soak the story in reality, bad luck, stupidity and evil for a while, and it might marinate into the parable of Jack Abbott and Norman Mailer: the redemption of the distinctly uninnocent. In one sense, the tale is merely a particularly sensational item of literary gossip. But buried amid the blood and chic is an interesting question of principle. Almost everything, as Thomas De Quincey noticed, has either a moral handle or an aesthetic handle. Which handle do you reach for in the Abbott-Mailer case...
...catalogue boom are clear. Few things can delight shoppers weary of long lines, costly transportation and surly salespeople as much as thumbing through a richly illustrated booklet amid the comforts of home. Carol Lefcourt, a financial planner who heads a company in Palo Alto, Calif., likes to soak in a warm bubble bath while catalogue shopping. She says that she has not stepped inside a department store in 15 years...
Like the Brewery, Gentree is a new bar trying to make it with the college crowd. But Gentree goes after its clientele with a little more subtlety. Recline with a banana daquiri and soak up the mellow atmosphere. If you feel rowdy. Gentree can still accommodate you. Try a full liter "Gusto" mug of draught beer. The food is inexpensive and pretty good. Try the spicy nachos...