Word: steeper
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...their energy program, the Democrats offer more dramatic alternatives: mandatory petroleum allocations, higher gasoline taxes with rebates in hard ship cases, steeper excise taxes on pleasure crafts and high-horsepower auto mobiles, gasoline and home-fuel rationing. The Democrats also propose establishing a new, independent agency to replace the Council on Wage and Price Stability. The agency would be empowered to issue subpoenas, hold extensive hearings, delay price increases and in selective cases impose controls...
...gross national product will decline by about 2% next year, after a slide of 1.75% in 1974. The real shocker is that the only other major nation that will show a G.N.P. decline in 1975 is battered Italy -and the U.S.'s slide will be the steeper...
...Provident Hospital, "but there is no black middle class." Yet too much should not be expected too soon. Because of its origins in slavery, no other ethnic group has started so far behind in America with so many historical liabilities. For blacks the way up is all the steeper, the climb the more arduous. What is encouraging is that they seem to be making a successful ascent. Thomas Pettigrew, a social psychologist at Harvard, believes that the middle class is gaining the "know-how to pass on from generation to generation." As it does, an increasing number of blacks will...
Whitlam belatedly came up with an anti-inflation program of his own, but many middle-class people in Sydney or Melbourne, who see only higher prices in the supermarket and steeper mortgage rates for new houses, may blame him nonetheless. Beyond that, some Australians who were initially attracted by Whitlam's energy and decisiveness were worried that he is now doing too much too fast and that he had basically misinterpreted the conservative, traditional temperament of his countrymen. Whoever wins, Australian politics will never again be so simple and placid as it has been for most of the past...
...output fall far short of domestic consumption; it did not even match the 9.7 million bbl. per day that the nation produced at the peak in 1971. The speed at which U.S. oil wells are operating is fast draining the nation's proven reserves. The outlook is for steeper production declines unless new sources of oil can be found...