Word: stubborn
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Despite concerns that the expansion will falter, most economists believe a modest slowdown is necessary to suppress inflation, which had grown particularly stubborn in the past two years. Consumer prices rose at an annual rate of 5.9% during the first half of 1989, up from 4.1% last year. "The economy was running too fast for its own good," says Francis Schott, chief economist for Equitable Life Assurance. "It was working itself up to an inflationary frenzy...
THAT success has been furthered by Japan's stubborn refusal to open its shores to foreign goods. This economic policy has been the most noticeable aspect of Japan's world view, but it has been accompanied by two other significant decisions--a refusal to spend much on foreign aid and a shying away from any military build...
...that Bok's refusal to divest makes hypocritical his constant calls for the teaching of ethics in universities. But others respond that the president's investment policies fit neatly into his character, which an associate once described as that of a "rationalist philosopher," and others have called just plain stubborn...
...borrowed from Elmore Leonard; and the underlying politics focuses as much on Pinochet's Chile as on the grievances of tribes whose ancestral graves are plundered for museum displays. But the deftly manipulated plot reunites Hillerman's detectives, Joe Leaphorn and Jim Chee, lovelorn men who bury grief in stubborn pursuit of moral order. Their tracking skills and non-Anglo reasoning still prove vital to averting further crime. In place of breathtaking evocations of light and landscape, Hillerman touchingly portrays the outdoorsmen's dislocation amid subways, crowds and unneighborly indifference...
...their recent progress, the Japanese could do more to open their market and reduce the stubborn trade gap with the U.S. While the government has cleared the way for more imports of U.S. beef and citrus products, bans on purchases of American rice are being retained. Says a Japanese diplomat, in specific reference to a U.S. barrier: "We'll do rice when the U.S. does sugar...