Word: vicious
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...Because I was injured I never really got myself into top shape, and because I wasn't in great shape I kept getting injured," he says. "It was a vicious circle...
...case, the budget illustrates the vicious circle in which Government economic policy has been trapped. The surest way to reduce towering deficits would be to promote a faster recovery from recession than Reagan now foresees, but the deficits pose a daunting barrier to any vigorous rebound. For example, a further drop in interest rates is indispensable to a strong recovery. But the budget foresees the key 90-day rate on Treasury bills averaging 7.9% in 1984, about what it is now, because Government borrowing to cover the deficit will soak up too much money to permit any significant drop soon...
Reagan's main goal in framing the budget was to begin breaking out of this vicious circle by offering Congress and the nation some credible hope that he can at least start reducing deficits. Not all the details of how he plans to do this were available even at the end of last week; so many budget decisions were made so late that the Government expected to finish printing the document only hours before" it was to be submitted to Congress at noon Monday. But these are the outlines...
...balance, the economy does seem to be poised for a recovery, but one that most economists still expect to be so slow that unemployment will remain above 10.5% for many months to come. More worrisome, there are signs that a vicious circle has begun that could block any sustained ad vance. The fourth-quarter drop in G.N.P. so reduced tax collections that the federal deficit in fiscal 1983, which started Oct. 1, is now certain to exceed $200 billion. That intensifies the threat that Government borrowing to cover the deficit will gobble up the lendable money needed to finance business...
...poppy growers and bad for the DEA: a bumper crop of 700 tons is expected, 100 tons more than last year. But the U.S. narcs are not very worried. The reason: in Burma's remote Shan state, where nearly 80% of the area's opium is grown, vicious fighting between the warlords who dominate the drug traffic has closed many of the traditional smuggling routes. Says a DEA official based in neighboring Thailand: "The situation is pure chaos. For once, the area's intrinsic anarchy is working in our favor...