Word: element
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Perhaps the most singular element of any country's political character is how the people view the system. In Japan, many seem to feel that politics is a dirty game and that the most effective practitioners may not be the most honest. There is the feeling that a successful politician should be like a creature, as the Japanese saying goes, "capable of drinking both pure and muddy water at the same time...
Liberal economists argue that fears of a too rapid recovery are overblown. Says Heller: "We have lots of headroom for expansion and no prospect of revived inflation for quite a long stretch ahead." Heller points out that wage costs, a central element of inflation, are still declining. Harvard Economist Otto Eckstein challenges the common assumption that the money supply is expanding too fast. He notes that M2 and M3, two broader measures of money that include various types of savings accounts, are growing within their target ranges. The narrower M1 figures, he adds, may have been distorted by the swift...
...moderate voice in Menachem Begin's ruling coalition; of a stroke; in Jerusalem. A Polish-born optician who was elected to the Knesset in 1969, he became chairman of the Liberal Party and, in 1977, Begin's Finance Minister, since the Liberals were the second largest element in the victorious Likud bloc. Ehrlich took the credit, then the blame, for the government's "economic revolution," which led to Israel's chronic triple-digit inflation. He resigned the finance portfolio in 1979 and became Deputy Prime Minister, joining Begin in opposing hard-lining Ariel Sharon and helping...
...English public has given the Prime Minister a mandate for national machismo, be it installing U.S. cruise missiles, union bashing, the muffing of the moderate element of the Tory Party (known as "Wets"), hard bargaining with the rest of the Common Market and the denationalizing of inefficient, strike ridden government owned industries...
...almost corners the coffee-bean market by directing one of his satellites to beam down a hurricane on Colombia (where, he notes wryly, "coffee is one of the two major crops"). Then, when Superman foils his scheme, Webster uses Gus' computer skills to discover virtually all the elements of Kryptonite. It is when Gus improvises the last unknown element-cigarette tar!-that Superman turns bad and fights the still good Clark Kent to the death and beyond...