Word: gradually
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Dates: during 1970-1979
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...gradual political development mapped out by President Choi Kyu Hah gone too far to suit the young generals? Probably. One ranking government official in Seoul noted last week that the young generals had been "furious about the way democratization had been moving ahead." TIME learned last week that General Chun had first secretly consulted a handful of young fellow generals in sympathy with his aim. He discreetly assembled portions of at least two divisions for the arrest. Some units even seem to have left front-line positions on the demilitarized zone to come 30 miles to the fringes of Seoul...
...such environmental suits, U.S. oilmen feel that Washington is moving too slowly in leasing new offshore areas. The Interior Department recently stepped up its schedule of lease sales over the next five years, from 26 to 30, but that will do nothing in the near future to halt the gradual decline in U.S. oil production that began in 1971. Oil executives say that given the time it takes to develop offshore fields-the usual lag between discovery and full production is seven to ten years -leasing should be expanded sharply. After all, they point out, while other countries have leased...
Nonetheless, the choice of Choi held out a realistic hope for gradual liberalization. A Confucian scholar's son who speaks five foreign languages (English, German, French, Japanese and Chinese), Choi describes himself as "a caretaker." What Korea needs most, he has told friends, "is not a hero but a good many good managers." He is already on record with a series of pledges: to restrict his term in office (to perhaps two years at most), to oversee the preparation of a new constitution (which might limit the President to one six-year term), and to call a new election...
DAVID GROVE: "I applaud," says Grove, a private consultant and senior economic adviser to Marine Midland Bank. "A slow and gradual approach to curbing inflation would not be very effective. I prefer a quick and dirty approach, and the Fed's actions are very much along that line. They will give the domestic public and foreigners the sense that we really are going to come to grips with inflation." Grove concedes that a dramatic and determined" credit squeeze would depress business activity and push up the unemployment rate. He also thinks the stock market had good reason to flop...
ROBERT TRIFFIN: "Controlling the money supply is the best way to fight a recession," says this international money expert. "Certainly, initially, if we are to brake inflation, there will be some difficult periods to go through. The sooner, the faster we do it, the less gradual approach we adopt, the better chance we have to succeed, to turn the corner. I am very encouraged that part of Volcker's approach is an attempt to deal also with the problems posed by the Eurocurrency market. He emphasized more than before the rate of money supply growth on this market, rather...