Word: unsound
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Dates: during 1950-1959
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First down the ramp was Massachusetts' Jack Kennedy, who agreed that the compromise 1959 Labor-Management Act (TIME, Sept. 14) "contains many unfair and unsound and one-sided provisions," promised more favorable legislation, including a boost of minimum wages from $1 to $1.25 per hour in the next session. As for his own record, he had no regrets: "Jimmy Hoffa may not approve of me, but I do not apologize for having earned his hostility." The delegates gave Kennedy a rousing, standing ovation...
...sole test of a currency's stability. More important in today's world is the health of a nation's economy, the real rise in its national income, the strength of its built-in fiscal controls. Most nations now have learned the heavy price of unsound financial and fiscal policies; they no longer need the lash of gold...
Bureau, Department of Commerce, Council of Economic Advisers) considered unsound. But insofar as the decision was based on keeping his veto record intact, it was an irrelevancy-like a baseball player, worried more about his average than anything else, bunting to keep up a hitting streak...
Against him, some U.S. economists argue that to equate past and present price upcreep is unsound, that creeping inflation is a graver menace than it used to be. Economist Burns points out that the past few decades have gradually brought two new inflationary factors into the U.S.'s economic structure: 1) Big Labor's power to force wages up even when demand is falling, and 2) Big Business' tendency to eliminate price competition, set profitable "administered prices," and restrict cornpetition to quality, styling, service, etc. The combined result, says Burns, is that instead of slipping downward when...
According to Hutchins, Conant's recommendation was based on the "unsound" assumption that only 15 per cent of the high school students were qualified for a demanding academic program...