Word: take
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Dates: during 1970-1979
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Behind any persuasion, of course, must be the belief that a nation will take draconian steps. But the capability must be there for credibility. The White House is nearly convinced that we must apply some kind of "bloodless military pressure" to lodge that message in the minds of allies and enemies. But a central question remains: Would Carter ever send U.S. forces into real combat for the national interest...
...White House has been mulling over new initiatives that would cut imports without the need for congressional action. Proponents and opponents of various measures can agree on one key point: the U.S. has rarely had a better opportunity, or more need, to take energy action. Year after year, that action has been impeded by debate over which groups in the population, which regions of the country, should make the largest economic and environmental sacrifices. After Caracas, it was clear that unless the U.S. accepts some compromises that will cut its consumption of precious petroleum, the OPEC cartel will simply regroup...
PRICES. Inflation will abate, but not soon enough or substantially enough to cheer about. Recessions are usually slow to take the steam out of prices, and a tight money policy requires months to produce results. In fact, high interest rates will continue to add to inflation until they start to curb overall demand, and then prices are expected to taper off. Despite rising unemployment, wages and benefits stand to accelerate. They increased about 8% this year, or much less than the rate of inflation, and workers can make a strong case for more, just to catch...
Many of TIME'S economists detect that the Administration is cutting big and small federal programs extremely sharply to hold down the budget deficit and take some heat away from rising prices. Still, Carter's aides are probably underestimating the size of the deficit. A recession would pull down tax receipts and increase federal spending on unemployment compensation, food stamps and other social programs. While the White House officially maintains that the 1980 deficit will be about $30 billion, some of TIME'S economists expect it to approach $50 billion. The problem will continue into fiscal...
When the two first met in 1977, Jimmy Carter and Margaret Thatcher did not particularly take to each other. But much has happened to both since that first frosty encounter. Last week, as Britain's Prime Minister made her first official visit to the U.S., the two stood side by side on the White House lawn beaming with a newfound, very special relationship. On Carter's part, it was first of all sheer gratitude for the most forthright, unequivocal support he has received from any ally; and in the gloom of a dark December her message rang especially...