Word: townsendized
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...pensions were part of Roosevelt's plans from the start-before 1933 only eight states provided modest pensions based on need-but it took several years to resolve the complex arguments about how much to pay and how to finance the program. Considerable pressure came from the Townsend movement, the creation of Dr. Francis Townsend, a retired physician in California, whose yowl of protest began when he saw three old women sifting through garbage cans for scraps. Townsend wrote a letter to a newspaper demanding $150 a month for all old people, and that demand soon mushroomed into clubs...
...pare back production and lay off workers, and this in turn drives up unemployment, which currently stands at 8.4% of the labor force. As jobless lines lengthen, consumer spending shrinks, and this in turn causes inventories of unsold goods to grow even more. Said Alan Greenspan of the Townsend-Greenspan economic consulting firm: "Involuntary inventory accumulation by business will be an absolutely critical piece of evidence in gauging the severity of the recession in 1982. The more rapidly that inventories grow now, the steeper will be the plunge, but the sooner the slide will be over...
...Holy Cross (6-0) victory, however, was not a team effort. Three of its players--Phyllis Townsend, Mary Ann Palazzi and Sherry Levin--pumped in 20, 22 and 24 points respectively while the rest of the squad remained relatively impotent offensively...
With each team receiving a set of downs to score from the ten--House football's own version of the Oklahoma tiebreaker--Mike Ealy's seven-yard toss to halfback Ronnie Townsend, who was standing alone in the endzone put Currier temporarily in the lead, 6-0. The difference in the game was Currier's inability to get the posttouchdown two-pointer. On fourth down, Winthrop's last scoring opportunity, a Slack-to-tightend Cormac McLoud touch-down connection tied it at six. Slack's fall into the endzone secured the Winthrop victory...
Despite the lack of scoring, the Currier offense--led by the passing of quarterback John Ealy and the rushing of Ronnie Townsend--had little difficulty moving the ball up and down the gridiron. Three times during the contest, Currier found itself only a few yards from the goalline...