Word: vastness
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Dates: during 1970-1979
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...Lisbon, the Spanish border and the Algarve seacoast. Despite its Old World customs and deceptively placid appearance, the region has changed drastically over the past two years. The Alentejo was once a feudal preserve of absentee landlords, poor tenant farmers who worked for as little as $2 a day, vast private hunting estates, and wasted land whose inhabitants often went hungry. Now it is a Communist stronghold...
Brezhnev has approved increases in the Soviet military budget that have financed an unparalleled improvement in Russian missilery and a vast enlargement of the Soviet navy. This has sparked a lively debate about the need for strengthening NATO and has undoubtedly caused the U.S. to keep its defense spending...
...imagination. We must fuse our great national assets of idealism and realism, our moral convictions and our pragmatic bent. We can no longer impose our own solutions; yet our action or inaction will influence events, often decisively. We cannot banish power from international affairs, but we can use our vast power wisely and firmly to deter aggression and encourage restraint and negotiation. We can help construct a wider community of interest among all nations. We must continue to stand for freedom in the world...
Conservatives Weidenbaum and Beryl Sprinkel, chief economist of Harris Trust & Savings Bank in Chicago, argue that any tax cut should be permanent. Such cuts, says Weidenbaum, would "serve as a useful restraint" on proponents of "vast new expenditure programs." At the same time, he says, permanent cuts would encourage consumers to spend more money over the long run because they would have more money to keep. Monetarist Sprinkel concurs, but questions what real good any tax cut will do. "We have a $1.8 trillion economy," he says. "If anybody thinks a $10 billion or $12 billion change in taxes will...
...deserve, but they'll always know how he stands; he'll explain that to them very directly. You know, his action about wage and price controls [flatly rejecting the idea of imposing them] will do more to start restoring confidence than anything else, because it removes a vast area of uncertainty...