Word: swollenness
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...resolve fundamental social problems or provide a tremendous range of worthy services. Officials should attempt to lower expectations-or at least shift them toward other levels of government that have some hope of satisfying these expectations." If the crisis really does teach the city to match its swollen expectations to its shrunken means, New York-with its rich concentration of talents and resources -might pioneer a new way of life for the American city...
Solid Profits. The figures are not quite as bleak as they look. Last year profits of many companies were swollen by inflation, which raised the prices of goods the companies held in bulging inventories. During 1975, these artificial profits have largely disappeared: companies have drastically reduced their inventories, and the prices of merchandise remaining in stock are rising less rapidly. During the second quarter, Citibank calculates, less than 10% of all corporate pretax profits were traceable to rising inventory values, v. nearly 33% during the same three months of 1974. Inventory values, the bank's economists believe, should continue...
...that in fact might have been worked out weeks before. The settlement bought time, but New York still faces serious financial problems that can only be solved by continued austerity-a difficult policy when the large, tough civil service unions can throw the city into chaos any time their swollen contracts are threatened...
...Holy Years have come every 25 years, except for 1800 and 1850, when political problems interfered. Still, it was no automatic decision to proclaim one for 1975. There were questions of the Pope's health and the civic and ecological strains a Holy Year might place on the swollen and strike-plagued city of Rome. Moreover, a low turnout would proclaim Catholic indifference. Two years ago, Paul spoke openly of his doubts. "We have asked ourselves if such a tradition should be continued in our times," he said, because of all the changes since Vatican Council...
America's post-World War II baby boom has swollen the traditional crime-prone age bracket (14 to 24) as never before?and possibly never again. In 1950 there were 24 million young Americans in this age group. A decade later it was 27 million, and now it is 44 million; the bulge will not disappear until the 1980s...