Word: tapers
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Nixon might have tempted foreign ranchers to sell more to the U.S. if he had permanently lifted the protectionist, inflationary import quotas. That action, however, would have been bad electionomics because it would have endangered his farm vote. But if prices do not taper off soon, the President may have to swallow hard and put controls on the prices that farmers charge. Farmers would undoubtedly howl that the Government was trampling on free enterprise. Yet they seldom complain about all the controls and subsidies that prop up prices in agriculture, which is one of the most highly regulated and protected...
...produced a film which seems to have changed his image in some men's eyes. The Trial of the Catonsville Nine, adapted by Daniel Berrigan from his own play, and filmed by Gordon Davidson--who staged the original production as artistic director of the Mark Taper Forum--is definitely radical in outlook. The figures it focuses on and attempts to heroicize not only damn the Vietnam War, but a general policy of American Third World influence which they view as evidence of economic imperialism...
...Nixon's freeze, was held to the abnormally low rate of 2% or so. Thus some of the price increases early this year were onetime catch-up measures. Assistant Commerce Secretary Harold Passer predicted that inflation during the second quarter would show only a 4% gain and then "taper off." His forecast gained considerable credence when the March consumer price index appeared. For the first time in more than five years, store prices showed no increase above those of the previous month-a very hopeful sign...
This feeling was summed up beautifully in junior David Strauss's comment on Gambril's statement. "As far as I'm concerned, the most important day of the season is admissions day at Harvard." Dave said, "Well that's great, I'll work out hard and taper and shave down for April...
...Bayer are quick to point out that the figures represent a clear "downturn" from 1969-70, when incidents were so numerous that no one counted them precisely. No campuses experienced uproars on the same mass scale as those in the bloody spring of 1970. In addition, eruptions did taper off at the highly visible elite colleges and universities that often set the pace. Instead, last year's turmoil became "diffused," moving to the "invisible" campuses that newsmen rarely visit and educational leaders seldom discuss: public four-year colleges, Roman Catholic colleges and two-year private colleges. "Unrest," says Bayer...