Word: bondingly
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Dates: during 1980-1980
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...presidential election year, economic events were not determined by the White House or by Congress, but by the Federal Reserve. Indeed, in the opinion of many observers, "the Fed was the only game in town." When inflation roared to an annual rate of 18.2% in the first quarter and bond markets collapsed following Jimmy Carter's proposal of a fiscal 1981 budget with a $ 15.8 billion deficit, the Fed hit the brakes hard. It imposed credit controls on consumer borrowing and clamped down on bank lending. The prime rate, which began the year at 15.25%, quickly climbed...
...squeeze on credit was a major burden on business all year long. Companies began avoiding new debt financing through the long-term bond market because high rates made that too expensive. Instead, they turned to banks for short-term loans that would not lock them into high rates for ten years or more. Industries that depend heavily on credit, particularly home building and auto sales, have been staggering. Lone Star Industries, the country's largest cement producer, last week took out full-page newspaper ads featuring a large skull and crossbones and the warning POISON...
...linkage area between heaven and earth--the church. Even though the entire cast fills the stage (as in the first act), the effective momentum of the personalities, which the solos articulated in the beginning of the second act, never lets up, and the tightness of the audience-cast bond grows stronger. Eventually, the church on stage engulfs the entire theater. Preacher Gregory Van Buren and Alison Taylor bop and shout with a spasmodic liveliness that transforms the theater into a hand-clapping, toe-tapping revival meeting...
James Fenton, drama critic of the Sunday Times, called the play "a nauseating load of rubbish," and yearned for the resignation of National Theater Director Peter Hall, who steadfastly stood by Brenton and the production. Playwright Edward Bond weighed in with a defense so oblique that he never mentioned the play by name. He did, however, call for the resignation of Fenton, while John Osborne, who has had his own wrangles with the censor, addressed a sally to the Guardian: "Sir-I don't go to the theater to see a lot of buggery. We get quite enough...
Sokolov's bond to Liebling's career runs deeper than a superficial homage to a fellow eater, though. The older writer, by the end of his life, had managed to include almost every kind of writing, journalistic and non-journalistic, in his list of accomplishments. He reviewed restaurants; covered boxing matches, great and small; witnessed D-Day and the liberation of Paris as a war correspondent; cranked out short story collections and novellas; and critiqued the state of American journalism in his "Wayward Press" column for years. One of the most prolific and versatile writers of the century, Liebling died...