Word: spur
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...looks like the best-dressed city in Europe; saddlemakers and Savile Row tailors are backlogged with orders, and the average Briton feels that he is doing better than all right. Yet the island suffers from overfull employment (jobless rate: 1.4%), spiraling wages and sluggish productivity. To battle inflation and spur exports, Prime Minister Harold Wilson has sought to deflate domestic consumption by raising taxes and restricting credit. In 1965 the pound was thus defended and strengthened, and the trade gap was drastically pruned. Economic growth, however, dropped from 5.4% to 2.3%, and this year's prospect...
Pioneering Steps. The consensus remains: public employees simply cannot strike. All this raises a new problem in labor law-how to bargain effectively with workers who cannot be allowed to walk off the job even though the very nature of public employment tends to spur strikes. In contrast to private industry, public employees deal with administrators who lack full power of the purse, and a strike may be the only way to impress those who control the money-mayors, governors, legislators. When the public employees happen to be vitally needed nurses, teachers, transit workers and the like, they have...
...little in the way of practical information about how to keep a prosperous modern economy fat and secure. Keynesian theories are certainly unworkable in the underdeveloped nations, where the problem is not too little demand but insufficient supply, and where the object is not to stimulate consumption but to spur savings, form capital and raise production...
...Economics as a practical policy and set out to add a new dimension to Keynesianism. They began fo use Keynes's theories as a basis not only for correcting the 1960 recession, which prematurely arrived only two years after the 1957-58 recession, but also to spur an expanding economy to still faster growth. Kennedy was intrigued by the "growth gap" theory, first put across to him by Yale Economist Arthur Okun (now a member of the Council of Economic Advisers), who argued that even though the U.S. was prosperous, it was producing $51 billion a year less than...
...Magritte's divorce from reality is sensuous enough to appeal to sensibility, but his carefully rendered iconography is so personal that it suggests only a visible world in which no one ever lived. These images are deliberately insoluble puzzles, meticulously worked-out scenarios of subtle shock calculated to spur the unconscious. But contemporary man finds enough anxiety in the very air that he breathes and more challenging puzzles in the streets that he walks -in the direct apprehension of reality...