Word: stubborn
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Party Spoiler. A stubborn, honest and puritanically forthright man, Martin liked to explain that the Reserve Board's unpopular actions arose out of its necessary role of "leaning against the wind." He said: "I'm the fellow who takes away the punch bowl just when the party is getting good." (Martin is a teetotaler.) Above all, he defended the integrity of the U.S. dollar at home and abroad, though he and the board lacked the power to do the job effectively alone. Despite today's inflation, he succeeded well enough so that the dollar has lost less...
...some tragic point between Concord's "shot heard 'round the world" and the sounds of clubs crashing down on young bodies in Chicago, Middle Americans [Jan. 5] have turned their stubborn backs on the spirit from which we all came...
...Chicago Tribune's Colonel Robert McCormick: "Stubborn, slow-thinking and bellicose, with a definite anti-British bias, which rumor attributes to the fact that he is still resentful of the canings he received whilst a schoolboy at Eton...
...Today's stubborn inflation, according to Friedman and his adherents, has been greatly magnified by Federal Reserve Board mistakes. From April 1965 to April 1966, the money supply expanded at an abnormally high 9½%-per-year rate, even though inflation was on the rise. Too late, says Friedman, the board reversed itself too emphatically, and caused the "credit crunch" of August 1966. In 1968, the board, fearful that the tax surcharge would overburden the private economy, increased the money supply at an average annual rate of 10%?almost twice the rate that the economy could absorb without inflation. Then...
Addressing the students who participated in the recent takeovers, McKissick said, "What you did was a method of communication"- the only possible method to confront what he called the University's stubborn and racist stand...