Word: overstraining
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Dates: during 1956-1956
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...Outright Inflation." Bill Martin replied quietly, lucidly, in a prepared statement. The job of the Federal Reserve Board, said he, is "to determine the volume of credit that needs to be made available in order to keep the economy running in high gear-but without overstrain. Too much credit would intensify upward pressures on prices. Too little could needlessly starve some activities . . . Creating more money will not create more goods. It can only intensify demands for the current supply of labor and materials. That is outright inflation." No sooner had Martin finished his statement than the politically potent questions began...
Last week, harassed by circumstance, chivied by Opposition critics and harried by rebellion within his own party and even his own Cabinet, Britain's 59-year-old Prime Minister Anthony Eden succumbed to "overstrain" and was ordered off the political stage to a weeks-long rest...
...Prime Minister's place in Commons. Otherwise, he and Macmillan were to act jointly. Thus there would be no acting Prime Minister with full powers in Eden's absence. At 11:45 p.m. the statement was issued that Eden was "suffering from the effects of overstrain," and was canceling all public engagements. "He's just tired," explained Lady Eden in a speech next day. "During these past few weeks, I have felt as though the Suez Canal was flowing through our drawing room. He is anxious to get this enforced rest over as quickly as possible...
Most U.S. executives, particularly since the President's heart attack, are uneasily aware of the mental and physical effects of overstrain. However, when they think of relaxation, the majority think in terms of strenuous, competitive recreation, such as golf. But the trouble with such sports is that businessmen tend to overexert and fret over their performance. And in recent years the golf course has become a kind of office with trees, where businessmen are as intent on arranging ways of raising their incomes as on lowering their scores. Says Norman Livermore Jr., California lumber-firm executive and onetime athlete...