Word: programing
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...acknowledged that his program would be "difficult politically" and, by implication, "onerous and burdensome" to some needy people, though less so than continued inflation would be. He warned that price increases would remain "very high" for several more months before his policies took effect. But his new plan would succeed, though three previous ones failed, he asserted, because "the nation is aroused now as it has never been before, at least in my lifetime, about the horrors of existing inflation and the threat of future inflation...
...urgency of the issue and the careful orchestration of the Administration's response, Carter's actual program followed an all too familiar pattern of hesitant and belated steps toward a worthy goal. And a great deal of it had been too extensively leaked in advance to have much psychological effect. Its main elements...
...requirements to banks that are not members of the Federal Reserve System; these banks hold 30% of all deposits. The effect will be to tighten the Fed's control of lendable funds throughout the economy. Fed Chairman Volcker will also undertake, in Carter's words, "a voluntary program, effective immediately, to restrain excessive growth in loans by larger banks." That sounds like more federal jawboning to get banks to stop making loans for unproductive purposes, such as financing mergers or speculative inventory increases...
Immediate reaction to the program Tom politicians, businessmen and economists was cautiously reserved. Only the most partisan conservatives denounced it wholeheartedly, and even fewer people gave it warm praise. Generally, Carter got high marks for having realized the deadly seriousness of inflation and having started...
...program "was very positive and broad," said C. Edward Acker, chairman of Air Florida, a small airline. "I wasn't expecting so much." Otto Eckstein, a member of TIME'S Board of Economists, declared: "I think the President has made a complete reversal of his economic policy, for the better. He has gone from three years of greatly excessive budget deficits and excessive money supply expansion to a conservative regime of budget balancing and limited credit growth." Republican Senator Bob Packwood of Oregon commented with ironic approval: "It seems that the President has learned more about inflation...