Word: weakens
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...fact, the discord is being heard on Capitol Hill. Support for the President's economic programs among once loyal Republicans is beginning to weaken in Congress. "There are a lot of different signals,'' complained Republican Representative Jack Kemp of New York. In the House, Democratic leaders, with the help of Republican defectors, last week pushed through an appropriations bill for social programs to cost $87.3 billion in fiscal 1982, some $4 billion more than Reagan had wanted. Though the bill came within a whisker of matching Reagan's first round of budget slashes...
...rally, Erhard Eppler, is a member of the S.P.D.'s national executive committee and a former member of the Cabinet. Said Schmidt: "The demonstrators are blind to the huge Soviet [arms] buildup. They make no substantial contribution to securing peace on the basis of military balance. Instead, they weaken the West's position and thus indirectly strengthen the East's position...
...says the step should not be taken until Greece can defend itself, a long-term prospect, at best. He sees Turkey, his country's traditional rival, as the main threat, not the Soviet Union. His election would probably widen the split between Greece and Turkey, and thus further weaken NATO'S southern flank. Papandreou used to demand that the U.S. abandon its four bases in Greece* now he would allow them to remain if Greece could close them at will. Instead of insisting that Greece get out of the European Community, he would now decide the issue...
...Catholic Church made no response to FitzGerald's proposals last week, but they were hailed by leading Protestant clergymen in the Republic. In Ulster, Protestant Firebrand Ian Paisley railed that FitzGerald's plan would "in no way weaken our resolve never to come under Dublin rule." Catholic leaders gave the initiative a guarded welcome. Said Sean Farren, chairman of the predominantly Catholic Social Democratic and Labor Party: "Many changes, both in attitudes and in law, are needed if a meaningful agreement is to be achieved between the people of Ireland...
Last week's rebound of stock prices probably did not mark the end of the slide that has been pushing down prices on markets around the world for months. Stock values in the U.S. could weaken still further in the weeks ahead. A key reason is the towering cost of money. Although some interest rates fell slightly last week, the yield on risk-free, 30-year U.S. Treasury bonds went briefly last week to an unheard-of 15.32%. With bonds paying those rates and money-market funds giving 17% interest, few people are in a hurry to invest...