Word: triggers
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Dates: during 1970-1979
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...compromising on enforcement at this time. The formula saved face for Employment Secretary Michael Foot, the unions' staunchest defender in the Cabinet, who during the last election campaign flatly committed himself to quit if compulsory wage controls were enforced. There were fears that a Foot resignation would trigger the fall of the Wilson Cabinet. Not only would leftist Energy Secretary Anthony Wedgwood Benn have had little choice but to follow suit; the unions would have withdrawn their support from the government's program as well...
...hope is that higher prices for new gas would trigger enough new drilling to arrest the decline in proven reserves by the 1980s, when other forms of gas, notably illogically named synthetic natural gas (which is manufactured from coal) and imported liquefied natural gas could supplement the real stuff, though at a very high cost. For the U.S., the cold reality is that the era of plentiful low-cost natural gas is ending quite as painfully as did the bygone age of cheap, abundant...
...trip from Los Angeles to Las Vegas. The 150 passengers, guests of West Coast Mobster "Big Jim" Valenti, had lunched on a buffet of "selected Sicilian meat and cheese cuts," and they were looking forward to an evening at Valenti's hotel speakeasy, The Boiler Room. Big Jim, trigger-tempered head of the notorious "Doo Dah" gang, had arranged the party for the opening-night floor show starring his bride, a former Detroit showgirl named Boo Boo O'Hare. Boo Boo could warble like a thrush, it was said, and Valenti told one and all that she would...
...recession, his real income fell an unusual 6% from early 1974 through the first quarter of 1975. Now, at long last, his purchasing power is rising, because inflation, interest rates and taxes have all come down. Of the economy's turnaround, Jallow says, "The tax rebate was the trigger." Between rebates and outright tax reductions, the Government will put more than $18 billion into the consumers' pockets from May through December. Last week Ford said that he might ask for a continuation of those tax cuts into next year if the recovery does not proceed smartly. Even...
...mollify his critics. Key elements: $1.3 billion in new housing loans, $14.5 billion in public works projects, easier terms on car installment payments, and a pledge to award more government contracts to small companies. Combined with a slightly easier monetary policy, the measures should be enough to help trigger a modest recovery during the second half of the year (production rates already are inching up, and jobless rates down). But they are hardly sufficient to bring back the halcyon era of double-digit G.N.P. growth that Japan enjoyed before it was rocked by twin economic shocks in the early 1970s...