Word: whipsawing
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Dates: during 1990-1999
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Predictably, attempts to whipsaw public opinion have already begun. Corporate lobbyists urge that action be put on hold until science resolves the unanswered questions. Environmentalists argue that evidence for harm is too strong to permit delay. The issue is especially tough because the chemicals under scrutiny are found almost everywhere.Since many of them contain chlorine or are by-products of processes involving chlorine compounds, the environmental group Greenpeace has demanded a ban on all industrial uses of chlorine. The proposal seems appealingly simple, but it would be economically wrenching for companies and consumers alike...
...induced in part by Prime Minister Margaret Thatcher's tax cuts of 1987, the ensuing rise in inflation to 11% and the stiff interest-rate hikes Thatcher then used to force prices down. Those rates are still high, and real estate and industry have not recovered from the whipsaw. For the new government of John Major, improvement cannot come too soon: he must call national elections by June...