Word: beyond
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Dates: during 1970-1979
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...maintain the proper level of demand, the Government regularly had to "fine-tune" the economy with just the right amount of stimulus, either tax cuts or spending increases, or maybe both at once. As Feldstein puts it, the nonstop jiggling and juggling amounted to "an embellishment of Keynes beyond anything that he had claimed...
Inflation has, of course, been seriously aggravated by a host of outside or "exogenous" factors that lie beyond the power of economists to control. They cannot be held accountable for poor grain harvests, such as occurred in 1972, for the harsh winters of 1977 and 1978, or for the weather of last year that cut into harvests in the citrus belt. Government economists also argue that price gouging by foreign oil producers is exogenous. True, but only partly so. Not only did inflation in the industrial countries encourage the 13-nation OPEC cartel to quintuple its prices...
...than 20% of the economy works on an "open market" basis, the only items private hawkers sell are vegetables, spices and such miscellany as incense, pith helmets and plastic shoes. With monthly family incomes averaging $30 and prices up more than 600% above 1975 levels, few can afford anything beyond necessities. Just since 1978, observes one Western ambassador, "the standard of living has declined enormously...
This inaction has allowed some voices of hate to win a wider hearing than they might have had otherwise. For instance, the National Front, as the only political group actually encouraging violence against minorities, has achieved notoriety beyond its membership of 20,000 or so with scare tactics and street demonstrations. But both the Tories and Labor have carefully refrained from playing reckless politics with race. The Labor Party at least has correctly diagnosed the nature of Britain's racial ills even if it failed to push through any forceful program while in office. Says Merlyn Rees, Labor...
...Conversation, he offered the most sophisticated indictment of Watergate-era politics yet to appear onscreen. Given his talent for fusing ideas with the diverse demands of big-budget entertainment, Coppola was the only real candidate to make the definitive film about Viet Nam. Apocalypse Now promised to go beyond the narrow scope of Coming Home, beyond the wrenching drama of The Deer Hunter. These promises, though broken, can still be seen in the film. Like other legendary movie mishaps, from D.W. Griffith's Intolerance to Bernardo Bertolucci's 1900, Apocalypse Now is haunted by the ghost...