Word: spur
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...balance-of-payments problem is directly affected by the general health of the U.S. economy. A booming economy would raise confidence in the dollar and spur capital investment and exports, all measures that would help lessen the payments deficit. The sluggish growth of the U.S. economy has been caused largely by a constant rise in costs, a squeeze on profits, and a serious lag in investment. Holding down costs and encouraging investment in more modern and efficient plants would enable U.S. products to compete more favorably abroad. Part of any tax revision program should be a cut in the corporate...
Spain now is beginning to produce a number of defectors. He believes that the difficulty of living under the priestly vow of celibacy is the major single spur for clerical defection of men around the age of 40, but doubts about Roman Catholic teaching are the usual general cause...
...trigger its fall"), fingered Kennedy's joust with steel as the trigger. The Journal ventilated other grudges: "True, there were a few little [economic] problems. But the Administration was going to solve the dollar problem abroad by cutting Aunt Bessie's customs allowance. It was going to spur business by suing nearly every major company under the antitrust laws, and hold down prices by telling major industries what they could do. It was going to encourage savings by withholding taxes on savings, encourage farmers to solve the farm problem by putting them under the tightest controls ever...
Steel's future is by no means totally grey. New mines in Canada promise cheaper ores for U.S. steelmen, and new oxygen processes pioneered in Austria should spur great advances in productivity. And in the short run, steelmen look forward to increased sales in August or September as the production of the '63 autos swings into high gear and appliance manufacturers step up output in preparation for the Christmas selling season...
Solid business expansion does not come from Government deficits (which are mainly valuable in perking up a lagging economy), but from expanding business and consumer demand. By standing back and letting wages, prices and profits find their natural market level. President Kennedy would probably do more to spur the economy than by heavy Government spending-even at the expense of an allotment of "normal" inflation...