Word: recession
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Dates: during 1970-1979
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...summer vacation is supposed to give people a lift, then the nation's lawmakers might just as well have skipped the August recess and stayed in Washington. Said Massachusetts Republican Representative Silvio Conte as he returned to the Hill last week with his colleagues: "Congress is in an ugly mood. The members have been home and they got the message." Said New York Republican Congressman Barber Conable: "The mood is one of grim determination. The members are ready to get on with it and are looking for a tough fall...
...during the recess three management consulting firms hired by the Senate Budget Committee concluded that the President's goal of 2 million bbl. of synthetic fuels a day in ten years was unrealistic and potentially wasteful. The consultants advised that it would make more sense to try several different approaches on a modest scale and then decide which ones were feasible...
Repeated rapidly-9,000 times an hour -and at very low volume, the words are barely audible to shoppers and employees. But they do register in some deep recess of the brain and apparently influence behavior...
...Congress prepared to adjourn last week for a month's recess, all sense of urgency seemed to evaporate in the summer heat. Much to the disgust of the White House, the push to pass the President's energy bill ground to a halt...
...buzz of puzzled speculation. Early in the week congressional Democrats were talking about whooping through key parts of the President's program, including the windfall-profits tax on oil companies that is supposed to provide all the money for Carter's plans, before the legislators recess on Aug. 3 for four weeks. But by week's end they were making plain that Carter, and the nation, will have to wait. Said Louisiana's canny Russell Long, chairman of the Senate Finance Committee, which must approve the tax: "I wouldn't bet on there being...