Word: stringent
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Greenspan, who as chief economist in the Ford Administration devised the measures that helped pull inflation down from 12.2% in 1974 to 4.8% when Jimmy Carter took office, is the most confident of the board members that stringent fiscal and monetary policies alone can work again. He predicts that if a firm hand is kept on the economy and the political leaders avoid the temptation to stimulate growth just to get elected, inflation will decline to perhaps 6% in 1981. No matter how high the cost of curbing the price plague, concludes Greenspan, some unpleasant medicine taken now will...
...PROPOSALS MADE almost nobody happy. MATEP is unhappy because it thinks the 200 limit is absurd. While Lashman says the plant can meet the "stringent conditions," as he labels them, it can only do so by sacrificing cost and energy efficiency. Harvard has already invested almost $175 million in what is beginning to look like a white elephant...
...Munson accident raised a different kind of question: Is the FAA system for testing private pilots stringent enough? While the report on the accident has not yet been released, federal investigators unofficially cited mistakes by Munson as the probable cause. Munson had let his $1.2 million jet settle below the proper glide path, failed to extend the wing flaps for better lift and control and then, in trying to correct his dangerously low approach, had applied engine power too slowly...
...cent through conservation and "still enjoy the same or an even higher standard of living." The key is the encouragement of "productive conservation"; that is, using energy more efficiently. In the transportation sector, the Project, recognizing that the automobile is likely to remain an American fixture, recommends more stringent gasoline mileage standards instead of massive investment in mass transit. The government should grant very high tax credits to industry for mundane improvements like furnace maintenance, lighting adjustments, plugging leaky steam traps, recovering, installing insulation and developing more efficient technologies to replace the existing capital stock. Indeed, it's the very...
...Hamilton Jordan really snort cocaine on that 1978 visit to Manhattan's far-out Studio 54? The possibility is growing stronger that a special prosecutor will have to be appointed to investigate the evening's entertainment enjoyed by the White House chief of staff. Under the stringent provisions of the 1978 Ethics in Government Act, there may be no other way to determine whether it is Jordan or his accusers who are telling the truth...