Word: absorber
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Dates: during 1960-1969
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...increase a possibility. Corporate profits are expected to grow, but at the slowest rate since 1961. Johnson appealed to both labor and management to avoid a "disastrous" chain reaction of wage-price rises, while the CEA put most of the onus on business: "The public interest requires that producers absorb cost increases to the maximum extent feasible." At least 700 union contracts are up for negotiation this year; the outcome can only be guessed...
...will grow. Also in doubt is his plan to sell another $5 billion in "participation certificates"-shares in Government-held mortgages and other obligations. To many members of Congress, this is a gimmick to hold down the budget size. And there is no assurance that the private market can absorb this amount without contributing to a new credit shortage...
...spend $300 million a year, making tourism Hawaii's largest civilian source of income, larger than the pineapple and sugar businesses combined. To accommodate them, some $350 million worth of hotel construction has gone up in the past five years. The boom has also created new jobs to absorb the unemployment created by automation on the plantations. Tourism's latest and most exciting surge is now to outer Oahu and what the Hawaiians like to call the Neighbor Islands (see color pages...
...different faiths still slaughter one another by the thousands. Says Professor Daniel Moynihan, director of the Harvard-M.I.T. Joint Center for Urban Studies: "We are the only nation in the world that has seriously undertaken to establish a biracial democracy. We have shown a fantastic capacity to absorb an incredible range of ethnic groups. If this looked easy, the world is beginning to learn it is damn hard. America has something to teach here...
...shares; almost immediately, a second fund came in with another 100,000. Now everyone seemed to be selling Fairchild-and Texas Instruments and Motorola into the bargain. The M. J. Meehan Co., the Street's respected Fairchild specialist, valiantly tried to buy, but could not absorb all the available shares, lost a rumored $500,000. Fairchild itself dropped 191 points by the closing; Texas Instruments was down 151, Motorola 101. Next day, although Texas Instruments rallied, Fairchild fell to 1021, a two-day loss of 231, and Motorola was down to 981, a loss...