Word: touche
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Dates: during 1970-1979
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...adverse effects act as a deterrent to chronic abuse. Recalls one Manhattan user: "It was the most terrifying experience of my life. After I sniffed it, I felt my heart was popping out of my chest. I had a headache for a long while after. I'll never touch it again...
...wheezing touch-football stalwarts assembled in Manhattan's Central Park were not exactly current championship contenders. Present were members of the Baltimore Colts and the New York Giants who played in the N.F.L.'s electrifying, first-ever overtime final in 1958 (the Colts won, 23-17). On hand were such Baltimore ex-greats as Johnny Unitas, 45, Raymond Berry, 45, and Gino Marchetti, 51. On the Giants side were Charley Conerly, 56, Frank Gifford, 47, and Kyle Rote, 50. Primed on beer and banter, the Baltimoreans puffed and passed to a 28-14 victory, overcoming such verbal assaults...
Even if he fulfills his goals, the prospects for the economy are touch and go. The standard forecast is that growth of real G.N.P. will slow to about 4% in the current quarter and 2% or 3% in the fourth?partly because the recent pace just cannot be sustained, partly because inflation will weaken the economy. Real G.N.P. is expected to be essentially flat in the first half of 1979. It is anyone's guess whether the slowdown will fulfill the definition of recession: two straight quarters of decline in real G.N.P. and mounting unemployment...
...regulates commercial banks that account for more than 70% of all bank deposits, holds the funds that they are required to keep on reserve, clears checks for them. But its most important functions are to determine the supply of money and the level of interest rates?and no questions touch off more disagreement in American policymaking. If the Federal Reserve is not condemned by the AFL-CIO's George Meany for causing unemployment by being too stingy, it is certain to be damned by Economist Milton Friedman for spurring inflation by being too generous. All too often it will simultaneously...
Look, But Don't Touch...