Word: swelling
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...critics pointed out, Reagan's big tax reductions were bound to swell the size of the deficit, at least in the short run. But the Federal Reserve, which controls the growth of money, has not let credit grow faster to pay for those deficits, so the Government's borrowing demands are pushing up interest rates. The result is the current staggering levels, which threaten to choke off the private investment boom that the tax cut is supposed to bring about. Says Oklahoma Democrat Jim Jones, chairman of the House Budget Committee: "My fear is that the program...
...handbook," Manhattan's Biltmore Hotel was the premier public place for preppies. Within its vaulting rococo spaces, numberless Princeton boys leered at an endless parade of Vassar girls, while Dartmouth seniors, a little tight, chatted up Smithies. Aging doughboys staggered out of regimental reunions singing. The bubbliness was swell and incessant. Scott Fitzgerald and J.D. Salinger, writing for and about two generations of preppies, each dragged characters through the gilded Palm Court, under the clock at the Biltmore...
...Arts-Drawing, 1760, the old man is rhapsodizing over her work as though she were a gifted parrot learning, at last, to repeat a phrase, while the supercilious drawing master points to the model she must copy. In the crammed, tilted space, the heads on their distorted bodies swell grotesquely, like pale masks. Every detail of costume is there-one could dress an opera from Traversi-but the whole has gone awry: we gaze into a cuckooland of cultural pretension. Small wonder that Traversi failed to get the big commissions; but his work stays in the mind long after...
...Sure Foundation) and of Diana (I Vow to Thee, My Country) to a lilting yet regal new anthem by Welsh Composer William Mathias, 46. The ceremony ended with God Save the Queen, newly arranged by Sir David Willcocks, director of the Royal College of Music, who worked the oceanic swell of that great melody into a kind of coda of moral grandeur. As the anthem died, cheers penetrated the thick cathedral walls as if the world outside had got a celebratory jump on the congregation...
...latest reports on the Ohio are the first hopeful Trident news in years. In June, Captain Alton Thompson took the big black sub out to sea for the first time. The Navy described the three days of trials as "super swell." Electric Boat has promised to deliver the Ohio to the Navy by Halloween. A brand-new $706.5 million Trident base is waiting in Bangor, Wash., and the Lockheed-built Trident missiles-each tipped with up to ten warheads-have been ready for two years...