Word: programing
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Dates: during 1980-1989
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...Jimmy Carter stepped before the television cameras in the East Room of the White House last Friday, his task was not just to proclaim another new anti-inflation program but to calm a national alarm that had begun to border on panic. Inflation and interest rates, both topping 18%, are so far beyond anything that Americans have experienced in peacetime-and so far beyond anything that U.S. financial markets are set up to handle-as to inspire a contagion of fear. Usually confident businessmen and bankers have begun talking of Latin American-style hyperinflation, financial collapse, major bankruptcies, a drastic...
...economy under control. It summoned business leaders and representatives of civic groups from all over the country, consulted daily with ever widening circles of influential Congressmen. There was talk of a televised presidential address to a joint session of Congress. But the dramatized search for an anti-inflation program proved slow and frustrating. Within the Administration, economists fretted endlessly over the pros and cons of various budget-balancing proposals. The President's aides finally canceled all plans for Carter to address Congress, which was reluctant to play host to what was bound to be an unpleasant message...
...quickly. So on Friday afternoon, Jimmy Carter strode into the East Room, having carefully waited until half an hour after the major financial markets had closed in the East, to outline his plans to an invited group of 175 Government officials, congressional leaders and businessmen. His program had many details to be filled in, and his speech had been written hastily in the previous 24 hours. In fact, it was clapped together so hurriedly that one page of the final draft was left out of the copy that Carter took before the cameras, and he had to skip over three...
...relatively little. For example, Carter wants to trim only a token $2 billion from expenditures in the remaining six months of the current fiscal year, even though the deficit is estimated to be as high as $47 billion. But now that he has produced his program, the President at least has an incentive to stick to it. Cutting spending in an election year will surely lose some votes, but making a start toward lowering inflation is nothing less than a national necessity...
...ecstasy of the upset of Indiana and the convincing defense of the Eastern Seaboard title--these events are history now, and the time has come, at next week's NCAA Championships, for the Crimson swim team to show itself and the world just how good a swimming program we have here in Cambridge...