Word: sopped
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Dates: during 1960-1969
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...President Johnson took a giant step with the appointment of HEW Secretary Gardner [Jan. 20]. It should be a life time appointment: without him the Great Society would be a fiasco; with him, there is hope. God help us if this post ever again becomes a political sop. ROBERT W. CARSON, M.D. Salt Lake City Sir: Secretary Gardner's comments about top executives who cannot tolerate first- class men around them illustrate what is subconscious knowledge among supervisors and employees in business and Government. The symptoms of "injelititis or palsied paralysis" are best described by C. Northcote Parkinson...
...pronounced dead by the critics. With such a declaration, many a collector decides that he had better unload, prices decline, and artists get despondent. More in anger than in jest, Painter Jimmy Ernst ticked off an "unhappy proliferation" of present and possibly future styles: "Op and pop, sop (soft-edge-optical), plop-plop (from catsup bottles), abrev (abstract revisionism), exab (express-abstraction), geopimp (geometric-post-impressionism), kipab (kinetic-pcst-abstraction), syncromesh (easy to shift), nero (new eroticism), and perhaps even esthex (esthetic experiments between consenting adults in the privacy of their home...
Sequence of Squeeze. With inflation becoming a reality as prices jumped, the Federal Reserve at midyear made a hairpin turn. It shifted from expanding the money supply at a 6% annual rate to contracting it by a 2% rate, doing so by selling Government bonds to sop up cash. From April to August, the money supply - currency in circulation and demand deposits in banks - dropped from $171.6 billion to $166.9 billion. The reverse was particularly jarring because, simultaneously, loan demands were greatly stepped up as a result of two moves by the U.S. Treasury - which does not always coordinate...
...pleased, but almost everyone was appeased. The idealists -- who argued that to talk of reforms after discrediting the premises of the draft system diluted the impact of the denunciation -- were thrown a sop. The final resolution declared that the conference was primarily against an involuntary system...
...being generated by Viet Nam and domestic spending, the Administration should be working toward a budgetary surplus instead of a deficit. This would be the second, or braking, part of the New Economics, whose expansionary aspects set off the economic boom. Heller called for a boost in taxes to sop up surplus demand, added that "some pruning of low-priority expenditures will also be necessary." Said he: "Our economy is powerful enough to afford guns and butter. But it does not follow that we can afford guns...