Word: spurred
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...beginning, there was stodginess. When the 33 charter members of the National Geographic Society first met on Jan. 13, 1888, at Washington's musty Cosmos Club, their mission was to spur the "increase and diffusion of geographic knowledge." The hidebound organization founded by these scientists, bankers, lawyers and educators allowed "gifts to natives" as legitimate expenses; it waited until 1964 before permitting men and women to eat together in its main cafeteria. Still, the society's flagship, the yellow- bordered National Geographic magazine, which is now distributed in 167 countries, eventually came to rival Mom and apple...
...economy grew at an annual rate of 8.4% in the quarter ending in September, thanks in part to a $38 billion government program to stimulate the economy that passed the parliament last spring. Roger Brinner, chief economist of the forecasting firm Data Resources, predicts that even West Germany will spur its economy and increase imports from the U.S. Says he: "The stimulus in Europe will not be because they are being kind to us. It's entirely because they see that their own economies are in very dire need of support. Otherwise they end up having a genuine recession...
...that were sharply curtailed under last year's tax-reform law. Introduced in 1974 and liberalized in 1981, IRAs became immensely popular as income shelters. Total IRA contributions grew from an estimated $28 billion in 1982 to $45 billion in 1986. Many economists argued, though, that IRAs did not spur new saving, but simply encouraged the shifting of funds from other investments. Advocates of the retirement accounts, however, contend that IRA contributions were just beginning to spur greater thrift when they were restricted in 1986, and that they would provide a powerful stimulus for saving if restored. The problem with...
Another promising sign came from Europe, where the central banks of West Germany, the Netherlands and France made interest-rate cuts to spur faster economic growth. Those expansionary moves should help the U.S. economy, too, by boosting Europe's demand for American products and services...
Meanwhile, the Administration won at least a symbolic victory in its efforts to persuade West Germany to spur its economy. The standoff between Baker and his West German counterpart, Finance Minister Gerhard Stoltenberg, eased slightly, aided by an announcement from the German central bank that it would cut two of its less important interest rates. If Bonn were to follow up * on that step and reduce its prime interest rates, there would be less pressure on the dollar. Reason: the greenback has been declining because U.S. interest rates have lately been falling in comparison with those of West Germany...