Word: harshness
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...limited amount of money, making credit more expensive for everyone. But this places far too much blame for high interest rates on budget deficits. The real problem is not the size of the government's share, but the limited size of the entire money supply. Instead of swallowing the harsh fiscal pill prescribed by Newsweek, which includes reform of governmental pensions. Medicare, and social security along with tax increases--interest rates can be reduced by easing restrictions on the money supply--a path the Federal Reserve Board is now following...
...such move is liable to trigger harsh union reaction. In response to a relatively mild Kohl proposal for limiting public-sector wage increases, Monika Wulf-Mathies, leader of the country's 1 .2 million-member civil servants union, called the plan a "declaration of war," and threatened strike action if the proposal is carried out. Having long and patiently planned his parliamentary assault on the Chancellor's office, Kohl must now prepare for all the battles that his new job will entail...
...tyro, an initiation into the ways of Washington can be harsh, as Economist Martin Feldstein has been finding out. Two months ago, Ronald Reagan nominated the highly regarded president of the National Bureau of Economic Research to become chairman of the President's Council of Economic Advisers. But at his confirmation hearings Feldstein quickly got a foretaste of what awaits him in the task of giving advice on economic policy to an Administration whose program is under attack...
Sadat next handed me the opening proposal of the Egyptians. As I read it my heart sank; it was extremely harsh and filled with all the unacceptable Arab rhetoric. It blamed Israel for all previous wars and demanded that Israelis offer indemnities for use of the occupied land, pay for all the oil they had pumped out of Egyptian wells, permit refugees free entry to the West Bank, withdraw their forces to the original pre-1967 boundaries, allow the Palestinians to form their own nation and relinquish control over East Jerusalem. When I had finished reading, Sadat said he would...
...meeting with a senior tutor and perhaps an academic advisor and others. By the time the Ad Board hears a case, a student often has a good idea what his punishment will be; his tete-a-tetes with his advisors may have led them to press for a less harsh punishment...