Word: tradeoff
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...head. We were running into an increasing inflation which by those standards out of line--although it wouldn't be today. Today nobody has a solution within the capitalist system to the problems of maintaining profits, stable prices and investments--new capital formation--other than unemployment, the famous tradeoff...
Narrow, single-interest groups are preventing the compromises that are essential to democracy, Wriston says. Nobody, not even the President, is empowered to make a tradeoff, to decide that the nation will incur some risks and costs and unpleasantness to build the productive base and acquire the energy that is needed to head off unemployment and prevent the lights from going...
...from here. Don't forget that the Indians gave Boston the likes of Louis Tiant and Dennis Eckersley over the past few years. And don't forget, either, that Rick Wise usually beats the Red Sox when his new management summons him to pitch. So it's an even tradeoff, Cleveland for Boston, mystery for excellence, and anyway it turns out, the loser is always logic...
...dropping their longstanding demand that the U.S. nuclear force in Europe, as well as the British and French nuclear arsenals, be counted under SALT. Said Lieut. General George Seignious, director of the U.S. Arms Control and Disarmament Agency, last week: "I believe that we did very well in that tradeoff. I know our allies would agree." The arrangement was endorsed by Baker when he voted in 1972 for the SALT I treaty and supported the Vladivostok accord...
...into spending for research and development and for capital investment in new plant and equipment. Corporate cash is spent on devices to clean the air and protect workers rather than on modern machinery that will produce goods more cheaply and efficiently. While that may appear to be an acceptable tradeoff, it leads to fewer jobs for the unemployed and fewer technical discoveries that will benefit the nation. Yale Economist Paul MacAvoy estimates that the shift of investment from productive projects to programs mandated by regulation has cut the growth of the U.S. gross national product by one-quarter...