Word: taking
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Dates: during 1970-1979
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...bureaucracy as soon as they take office. For six years, Mexico's chief executive rules more as a monarch than an elected leader of a democratic society. Says a ranking U.S. diplomat: "You look at the Mexican constitution and you see three branches of government. But they are not what they appear to be. The President has virtually all the power...
Deploying some 180,000 soldiers, Hanoi showed signs it might be preparing a full-scale "dry season" offense aimed at wiping out Pol Pot's force of 30,000 guerrillas once and for all. If so, it was feared that China might take direct action in defense of Pol Pot, and even perhaps launch another "punitive" attack like its massive invasion of Viet Nam last February. A Chinese military operation on that scale would again raise the risk of direct Soviet intervention...
...avoid such extremes, the U.S. may be forced to take strong measures to bring down inflation. Grove and Washington Economic Consultant Robert Nathan reluctantly vote for a "quick and dirty" solution that would include draconian measures. Says Grove: "The ideal program would be very sharp fiscal and monetary policies buttressed at the outset by wage and price controls. The controls would be cosmetic, to convince people that the program is really going to work." Okun scorns this as the "trillion-dollar cure," meaning that it would cost the nation that much in lost production. He believes that such a solution...
...market certificates and mortgage-backed securities, that are designed to keep banks and thrift institutions flush with funds for home loans. Says Okun: "Money is easy but expensive, and nobody is saying no to any borrower. They're saying, 'The price is high. Won't you take...
...incentive for moderate settlements at a time when inflation is roaring at 13%. The Labor Department announced that consumer prices rose by 1.1% in August, the seventh straight month of an increase of 1% or more. Because prices rise faster than wages and salaries for most workers, the real take-home pay of Americans has declined 4.3% in the past year...