Word: arnolds
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Dates: during 1960-1969
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Portent of Decline. The consumer price index, of course, is a better indicator of the past than of the future direction of the economy. Says Economist Arnold Chase, assistant commissioner of the Bureau of Labor Statistics: "Prices tend to coast up even after the economy has begun to cool off. There has been no fuel added to the fire for several months." Several special circumstances, moreover, contributed to the March price increases. One was the fact that high interest rates were suddenly included in the figure for home ownership costs. Prices for used cars, which swung downward temporarily last year...
EXPERIENCES by Arnold Toynbee. 417 pages. Oxford...
...needed all his cool going into the final 18 holes of the Masters. Behind by one stroke, Archer won by playing a cautious par round, while such renowned rivals as Billy Casper, Jack Nicklaus and Arnold Palmer were getting lost in the Georgia pines. Archer was in trouble only once-on the 15th hole, when his second shot plopped into a pond for a one-stroke penalty. After coming back with a precision-wedge shot that dropped 13 ft. from the pin, he relied, as he had through the tournament, on his putter. Hunching over the ball, he holed...
TOURNAMENT OF CHAMPIONS (ABC, 4-5 p.m.). A field including Jack Nicklaus, Arnold Palmer, Billy Casper, Lee Trevino and last year's champ Don January will be trying for the $30,000 first prize. Final round Sunday, 4-5:30 p.m. From La Cos ta Country Club, Rancho La Costa,Calif...
...coasting on old assumptions that may no longer be valid, the military could occupy the vacuum by fashioning its own, probably parochial policy. Ironically, a retreat from its world responsibilities could be as dangerous for American society as an excess of interventionist zeal. As the Rand Corporation's Arnold Horelick points out, indifference to or isolation from the rest of the world could prompt the U.S. to "build walls, and then you'd get social reorganizations conducive to a garrison state...