Word: aprill
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Dates: during 1960-1969
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Afraid that antiwar demonstrators might paralyze the Democratic National Convention, Mayor Richard Daley, author of last April's notorious shoot-tokill edict, prepared for full-scale insurrection. "No one," he vowed, "is going to take over the streets." The entire police force, nearly 12,000 men, was ordered onto twelve-hour shifts; 5,650 Illinois National Guardsmen were called up for possible reinforcement, and 5,000 more Guardsmen have been put on alert; 7,000 Army troops were preparing to move in. Logistical units were already in place...
Suddenly, death began stalking the nation's most creative leaders. Sudden ly, faceless men sought fame by mag-nicide, the killing of someone big. In April the murder of Martin Luther King ignited Negro riots in 125 cities that killed 46 people, injured 2,600, and required 55,000 troops to restore order. In June came the second Kennedy assassination, an unbelievable replay of the first, including a blind-chance killer, a meaningless motive, and national grief for a dramatic young leader cut down at the threshold of his powers...
Parade of Charades. When Justice antitrusters aired that view last April in a formal brief presented to the SEC, the regulatory authority had no choice but to delve into an issue that Wall Street thought had long since been settled by the 1934 Securities and Exchange Act. Hoping to bolster its stand against entirely abolishing fixed rates, the exchange this month offered instead to cut them by an average 19.5% on big deals (1,000 shares or more). That was primarily a defensive tactic, partly impelled by SEC proposals for slightly sharper fee reductions, starting with deals involving 400 shares...
...reduction dropped the economy's key interest rate below the crisis level, highest since 1929, to which the Reserve Board pushed it last April in its effort to fight inflation and steady the international standing of the dollar. The new rate applied initially only to the Minneapolis Reserve Bank, which requested the cut in the amount it charges member commercial banks for borrowed funds. Normally, the other eleven district Reserve Banks soon fall into line with such shifts, but this time there were signs of dissent and delay. The key New York Federal Reserve Bank, which frequently takes...
Sawed-Off Mustang. Detroit's new cars, by contrast, will be manufactured entirely in the U.S. and Canada. Ford plans to have its minimodel on the market next April, and General Motors expects to introduce its version in the fall of 1969, at the same time dropping its slow-moving Corvair. American Motors also hopes to produce a small car next year, provided that it can hold down the tooling-up costs. The only automaker without a domestic minimodel in the works is Chrysler, which instead has decided to consider development of what it calls a "world...