Word: stems
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Dates: during 1980-1989
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...package of cuts and taxes to stem all that...
...sharp cutbacks in federal employment programs for good measure. The high priests of Reaganomics tell us tax breaks are critical because the country is short on investment supply--hence, the "supply-side" name. But it is investment demand that remains weak because of high interest rates that themselves stem from the Administration's restrictive monetary policy--a policy that Business Week has said is much tighter than that of any of the previous four recessions. Whether the supply-side bonanza will produce the predicted flood of new job-creating capital spending is thus doubtful at best. For all its self...
Many of RCA's current woes stem from some hasty and shortsighted acquisitions that were made during the 1960s and '70s when the firm, like many other big American corporations, tried to boost earnings by diversifying into fields far outside its traditional lines of business. The entertainment and broadcasting company, for example, bought Random House publishing in 1966 and Hertz car rental in 1967. RCA's biggest acquisition of all was in 1979, when it paid $1.3 billion, or 40% over market value, for C.I.T. Financial Corp., a consumer loan and insurance firm. To raise the money...
Jean-Marie Chevalier was the only member of TIME'S board who favored traditional Keynesian policies of spurring demand, even at the risk of inflation, in order to stem the unemployment plague. This is the program that has been adopted by Mitterrand in France. Said Chevalier: "The French government thinks that its people have a right to work even if we have to pay a price for that in competitive terms in world trade." One benefit, according to Chevalier, is that the Socialists now can count on labor's support. He claimed that restive trade-union leaders...
White House aides have been disturbed by the publicity about the hit men, and for two weeks have urged top Administration officials to try to stem the leaks from their own departments. The aides were especially upset by allegations that the leaks were orchestrated in order to build support for sanctions against Libya. Said White House Chief of Staff Baker, pointedly speaking on the record: "I want to deny as emphatically as I can that this was done as a predicate for any action that might be taken...