Word: unsound
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Dates: during 1980-1989
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ALTHOUGH few would contest Tsongas' goal of increasing this country's economic competitiveness, some criticize the referendum as a means of achieving it. "The referendum is unsound, and for a sophisticated politician like Paul, remarkably simplistic," says State Rep. Stephen W. Doran (D-Lexington). He termed the referendum, which would automatically set the annual level of education expenditure, "an anti-government approach to government...
Legislators have called the proposed budget financially unsound because of its dependence on a $604 million tax hike that Dukakis proposed last month. Opponents of the plan also criticized its provision for $495 million in savings that includes a plan to recover $227 million by tightening Medicaid eligibility...
Paralleling the U.N.'s efforts, multilateral financial institutions have a crucial role to play. The World Bank, which lends money for Third World development projects, was long criticized by environmental groups for backing large, ecologically unsound programs -- a cattle-raising scheme in Botswana that led to overgrazing, for example. During the past few years, however, the World Bank has been seeking to factor environmental concerns into its programs. One product of this new approach is an environmental action plan for Madagascar. The 20-year plan, which will be drawn up jointly with the World Wide Fund for Nature, aims...
...Eccles, a Republican banker from Utah who became head of the Federal Reserve Board in the 1930s, explained, "While the national income rose to high levels, it was so distributed that the incomes of the majority were entirely inadequate, and business activity was sustained only by a rapid and unsound increase in the private debt structure." Today there are disturbing parallels. Some 55% of American households owe more than they own in financial assets. And in 1985 household debt relative to disposable income reached a postwar high of 88%. Nor is economic inequality necessary for an efficient economic marketplace...
...Harvard baseball team traveled to Kendall Square yesterday and found the MIT squad to be structurally unsound. In an insignificant Greater Boston League game, the batsmen discredited the Engineers...