Word: spigot
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Dates: during 1980-1989
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...growth rate dropped to 1.6% in the July-September quarter, but the slowdown came too late to have much impact on the election. Moreover, the Federal Reserve realized that it had been too stringent and opened up the money-supply spigot. That helped send the prime rate down to 10.75% by late December. In the fourth quarter, growth picked up to an estimated 2.8% pace. Concluded Commerce Secretary Malcolm Baldrige: "This year the economy came in like a lion and is going out like a lamb...
...television, but Ernie Knox went in a more usual way, before 869 people in a crumbling coliseum in Baltimore. That was about 20 years ago. Recalled Mr. Mack: "I said, 'Ernie, we better go to the hospital.' Water was pouring off him like a spigot. Ernie didn't have a mother or father, just brothers. If Ernie got into trouble, the phone rang here. But it didn't ring much. Ernie was good. He went into a coma at 2:30 in the morning. I stayed with him in the hospital two days, and then...
...hard to get people to make a committment to a life of science when every three years the spigot can be shut off and close down their research," Leaf said...
...Customers delay payments for months on end, while suppliers turn around and demand cash on delivery. At the same time lenders, such as local and regional commercial banks and finance companies, demand rates of two, three, and five points above the prime, and sometimes just turn off the money spigot altogether...
...between related problems and goals. An aide who is much closer to Reagan personally says, "He isn't dumb, but sometimes he has a lazy brain. He reads something, and it goes into the reservoir he has up there without checking. It comes out when he turns the spigot...