Word: amounting
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Dates: during 1960-1969
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Making It Worse. If widely adopted, these makeshift devices could be dangerous. The need to refinance mortgages or bonds every five years or so would create endless headaches for home buyers and builders of schools, roads and factories. Variable interest rates would amount to a recognition that lenders expect continued inflation. That in itself could explosively aggravate the nation's inflationary psychology, which is the basic problem. In the long run, the U.S. simply cannot have healthy long-term capital markets in the midst of inflation. The need to ensure a continued flow of long-term money into houses...
...Many of us could wish that we had a more polished Vice President, but I would rather have to endure a little crudity with integrity than any amount of polish without...
...world's military spending-$173.4 billion for 1968-now exceeds the total amount of all goods and services it produced in 1900. So reports the Stockholm International Peace Research Institute. The rate is accelerating. During the 1949-68 period, world military spending rose an average 5.9% a year, but for the past three years it has shot up by 8.9%. The U.S. outlay has jumped from an average annual rise of 7.7% to 12%. Last year the U.S. spent $79.6 billion for military purposes, followed by the Soviet Union with $39.8 billion. Together the two countries account for some...
...wrath of Congress." The prime rate is an increasingly unreliable guide to borrowing costs anyway. Growing numbers of borrowers pay as much as 10.6% interest on loans officially made at the prime rate, because banks are strictly enforcing a rule that the borrower must leave 20% of the face amount of his loan on deposit as a "compensating balance...
Demonstrators accused Britton of repeatedly changing his explanation of the differential. "First it's the amount of training, then it's quantity of work, and now it's the number of chairs in the dining room." Ellen J. Messing 72, and SDS co-chairman, said...