Word: spread
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Dates: during 1990-1990
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...imports by backing the recent fuel efficiency bills in Congress which are part of the clean air package. These laws would raise average mileage to 40 miles per gallon, a technologically simple and inexpensive measure (many cars already get better gas mileage). With the use of airbags and the spread of seatbelt laws, fuel-efficient cars do not have to be unsafe cars...
...specter of war, rapacious oil prices and a far-reaching recession haunts political and business leaders everywhere. After a record eight-year peacetime expansion, the U.S. is in the midst of a slump that could swiftly spread to America's trading partners. Japanese investors have lost nearly $2 trillion of wealth as shares on the Tokyo Stock Exchange declined more than 40% since last December. The stunned Japanese are paring back their lending just as Eastern Europe and Third World nations desperately seek cash to pay runaway oil bills...
After beginning in the Northeast last year, the slump has gradually spread to the heartland and other regions. The construction industry has creaked to a virtual halt after a decade of overbuilding. Says Paul Beitler, a Chicago developer: "The lights in our industry have just gone out. There are going to * be some very tragic times. Within the next four years, 50% of the workers in construction and real estate could be unemployed." Even in California, where the building market has known no direction but up, Kaufman and Broad Home Corp. of Los Angeles reported a 5% drop in third...
There are certainly fairer ways to spread around the cost than those in the budget compromise. The emphasis on raising regressive excise taxes, instead of the more progressive income tax, means that the middle class will, as usual, carry a disproportionate burden. The increases are not huge -- ten cents on gasoline for two years, eight cents on a pack of cigarettes within three years for example -- but, with the economy heading into a recession, they will certainly be felt by those whose incomes are already being pinched. Similarly, the plan's proposed Medicare cuts will push some of the elderly...
When Singh announced the quota system, he told Parliament, "This is a momentous decision of social justice." But 22.5% of federal jobs are already reserved for members of tribes and untouchables, and high-caste students fear they will be squeezed out of the job market. As protests spread, Singh said in a speech that he would not "dilute" his plan. Meanwhile, 24 towns and cities were placed under curfew...