Word: avoidance
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Dates: during 1970-1979
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Some economists now wonder if the nation has so successfully insulated itself from a 1929-type depression that it is condemned to 13% or worse inflation. Robert Heilbroner argues that the postwar measures to avoid another Crash and Depression have "put a floor under the downward movement of the economy." This guarantee against disaster, in Heilbroner's view, has changed economic expectations so much that corporations raise prices and unions demand higher wages more recklessly than they otherwise would. The result is faster inflation. Thus the cure for the Great Crash, seen from this perspective, has created side effects...
...demand in the economy, thereby weakening both product and labor markets. Increasingly people are going to be squeezed out of [credit] markets at those astronomical interest rates." Heller does not, however, expect "a full-fledged credit crunch like we had in 1974." He also thinks that the U.S. can avoid a recession as deep as that year's, though only if Washington acts to ease its bite by cutting taxes...
...committee and how damaging they will be. Full Senate debate is expected to begin some time in November. Majority Leader Robert Byrd feels that the treaty will gain support if the debate is televised and the public becomes acquainted with the basic issues. But he wants to avoid boring people by limiting discussion to a maximum of four weeks, which would require the Senate's unanimous consent...
...came up points short of eventual champion Dartmouth and Trinity, settling for third place. This year the competition will be tougher, as Ivy power Yale makes its debut in the tournament. But the six players Felske takes with him to Amherst should be able to avoid any traps their Ivy sisters may set for them...
Powers seems to like Helms personally and while he rejected as anachronistic the CIA mentality--"Helms belongs to the past"--he does not beg the question. Quite correctly, Powers tries to avoid a prosecutorial approach. To assess the CIA's performance in it first 30 years, one needs not a D.A. but a diligent historian...