Word: swunged
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...Most Governors considered a re-evaluation long overdue. Although the New Deal's assumption by the Federal Government of the U.S.'s primary responsibilities and powers may have been one of the century's noblest undertakings, at some point in the late 1960s or early '70s the pendulum had swung too far. There was, it seemed, no part of life too small for the Feds to micromanage. Or to mismanage, since most programs were fought over by multiple sparring congressional committees. Creative Governors like Engler, Wisconsin's Tommy Thompson and Massachusetts' William Weld, who have since been credited with operating...
What remained of that mindless optimism-inflation had already eroded it badly-was exploded by the Arab oil embargo and energy crisis of 1973. Almost overnight, opinion swung to the blackest pessimism: the industrial West would be permanently crippled by oil shortages, while Middle Eastern sheiks and emirs raked in -well, just about all the money in the world. One economist, who has since become one of the most respected and powerful in the country, prophesied that in a few years motorists on the New Jersey Turnpike would see oil refineries adorned with signs written in Arabic and pictures...
Some of the nation's antipoverty programs require overhauling. But before the cleaver is swung, it would be wise to consider some facts about poverty and its causes...
...second period swung towards Clarkson, when in a span of 32 seconds Clarkson scored two goals to open up a 3-1 lead...
...bankruptcy also spread anxiety far beyond the borders of Orange County. Japanese investors sold off dollars and U.S. securities. Stock and bond prices swung down on Wall Street amid fears that other large municipalities might harbor high-risk investments. In Washington, Federal Reserve chairman Alan Greenspan told Congress that he was closely monitoring the situation in Orange County; meanwhile, the Commodity Futures Trading Commission launched a probe into some of Citron's trades in derivatives, which are volatile securities whose value is pegged to some underlying asset or market and which can magnify an investor's gains or losses...