Word: stiff
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Knee-Jerk Cycle. "A rake's progress of this nature could not continue for long," warned Healey in spelling out the details of an austerity program that placed stiff taxes on items ranging from cigarettes to sewing machines. "If people insist on paying themselves more than they're earning, somehow or other the Chancellor of the Exchequer, whoever he is, has got to take it away again or the whole thing will blow up." Although he stopped short of advocating statutory wage controls, Healey further outraged the unions by offering a budget that will in effect allow unemployment...
...election pledge for tariff reform by slashing levies 25% across the board. As late as last December, Whitlam was telling Europeans that "a retreat into economic isolation is no answer for us or any other nation." But even as he spoke, his government was beginning to consider re-establishing stiff import quotas and tariffs...
...more above the 1973 level. The committee is still struggling to find agreement on import-quota levels, a windfall-profits tax for the oil industry and a levy on industrial petroleum use. Last week, to Ullman's discomfort, the committee voted down several proposals to place stiff taxes on the sale of gas-guzzling cars. The House commerce subcommittee has been even more bogged down. Among other things, it has yet to decide how, or even whether to approve a plan that would decontrol the price of oil far more gradually than the proposal that the President has offered...
Williams figures to be the more difficult of the two opponents. The Ephwomen defeated Princeton earlier in the year by one second. Radcliffe, on the other hand, beat the Tigers by a mere three seconds last week, so the race shapes up as a stiff encounter for the Crimson...
...Radcliffe heavyweight crew faces yet another stiff challenge this weekend, meeting Williams and Connecticut College Saturday on the Charles...