Word: simmer
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Dates: during 1970-1979
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There are two catches. First, this unexciting prospect is a best-case vision. It would take only minor errors by the Federal Reserve, the Administration and/or Congress to produce recession, an accelerating inflation or both. Worse, even under the moderate-slowdown script, inflation will simmer down only very gradually because it has become so deeply embedded in the economy...
...more basic reason for unrepairables is the recent proliferation and sophistication of appliances, some of which have complicated solid-state circuitry. The consumer today relies on powered handy-andies to perform the gamut of erstwhile manual chores: to carve, squeeze, blend, mix, whip, grind, toast, grill, simmer, brew, stew, waffle, percolate, fry, dry, polish, drill, sharpen, sweep, vacuum, brush, iron, comb, curl, open cans, close pores and answer the phone...
...canned Budweiser as they sit on a steel-framed bed watching The Rookies on TV. Others play dominoes or listen to country music blaring from a stereo radio. In the steamy kitchen, its walls painted a drab military gray, chicken soup with dumplings, seasoned rice, beans and peas simmer on a stove and fill the barracks with on a stove and fill the barracks with what for these men are the smells of home. No one seems to mind that the windows have been hastily boarded up after local kids threw bottles through them. The weather is unseasonably mild...
...target price of wheat from $2.47 to $3. Both programs distribute money to farmers when prices fall below certain levels. In November $1 billion in Government checks will begin going out to wheat growers for their summer crop. When that happens, Bergland believes, the farm heat may simmer down...
Despite reports that Keynes is dead and that Jimmy Carter cannot turn the economic stove higher than a simmer, those future business executives across the Charles continue to reap the rewards of the increasing corporate demand for elite technocrats. The Harvard Business School's Class of '77 led all comparable Harvard graduates, as well as graduates from other business schools, with a median starting salary of $22,000, 10 per cent higher than last year, according to a recently released Office of Career Development report...