Word: steeper
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Dates: during 1970-1979
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...last January submitted a fiscal 1979 budget that projected a $61 billion deficit, even though the country was entering the fourth year of .economic recovery. Carter might have recognized that this would be grossly inflationary-and that leaders of business and labor would post higher prices and press for steeper wages just to keep up. Robert Strauss, who was Carter's anti-inflation czar until last week, strong-armed coal mine operators last March to accept a highly inflationary contract (39% increases over three years). Carter might have recognized what would happen: every other union leader, just to prove...
...credit will be dropped, however, as will the alternate credit of 2% of the first $9,000 of taxable income. Tax brackets are expected to be widened by several percentage points each, thus slowing the pace at which inflation pushes taxpayers toward progressively steeper rates of taxation. However, between 1 million and 2 million taxpayers, mostly single people itemizing their returns, will find their taxes actually increased somewhat...
...Nubians adopted the Egyptian pyramid, but gave it steeper sides, and built so many that there are actually more surviving pyramids in Nubia than in Egypt. A 19th century Italian named Giuseppe Ferlini knocked the top off the pyramid tomb of Queen Amanishaketo (10 B.C.-A.D. 1) and found a rich treasure trove of gold objects (so encouraged, he knocked the tops off every other convenient pyramid but found no other treasure). Brooklyn has a display of intricately designed rings and armlets from Ferlini's find. As a series of faience pendants shows, Nubia's goddesses were almost proudly naked...
...fastest rising stars on the British electoral scene. In the 1974 elections, Thorpe brought the Liberals to their highest level of popularity in many decades. For both party and politician, the road has led downhill ever since. Last week's events made that path look much, much steeper...
...Common Market. Business people are also impressed by lower labor costs in the U.S. than in many European countries. In West Germany, for instance, wage costs are about the same as in the U.S., but employer contributions to pension, health and other social insurance programs are far steeper...