Word: boarding
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Dates: during 1960-1969
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...Jolt. In most essentials, the Nixon Administration and the independent Federal Reserve Board seem to agree. To halt inflation, said Secretary of the Treasury-designate David Kennedy last week, "we must maintain a tight budget and a restrictive monetary policy." The Federal Reserve has gone to considerable lengths lately to proclaim its intent to curb credit gradually...
...much restraint can the economy stand? One indication came in a Los Angeles speech by Andrew Brimmer, a member of the seven-man Federal Reserve Board. Citing a study by the board's staff, Brimmer said that even if the nation's real economic growth slowed to practically nothing for one or two quarters, the result would be only a 0.2% rise in the jobless rate, now at a 15-year low of 3.3%. The findings reinforce the belief that the Nixon Administration will have a bit of leeway in which to move against wage-price rises without...
Unfortunately, that record is more than a little misleading. The 69 funds that failed to outperform the Big Board's index account for some $21 billion-or more than 38%-of all the money in funds. Investors Mutual Fund, the industry's biggest (assets: $3 billion), grew a disappointing 8.45%. A sister fund, Investors Stock ($2.3 billion), gained 8.3%, while Wellington Fund ($1.8 billion) rose only 8%. Fidelity Trend ($1.4 billion), which registered a 34% increase in 1967, achieved no more than a 1.76% rise last year...
Possible Partners. Eastern had high hopes of winning rich new routes after a Civil Aeronautics Board examiner recommended approval last April of its request for runs to Hawaii and Asia. But Eastern's lobbying in Washington did not measure up to that of other carriers, most of which engaged high-power political bigwigs to plead their cases. When the matter reached the White House, President Johnson divided new Pacific passenger routes among five airlines, but bypassed Eastern altogether (TIME, Dec. 27). That left Eastern Chairman Floyd Hall committed to buy $48 million worth of stretched DC-8s, which...
...parasitic on the oppression of others are disastrous. For in that case your strategy will be to placate those who have what you regard is real complaints, and get rid of the "tiny minority" (as Ford calls us) who are simply "agitators." And that is essentially what the Ad Board tried to do, and was stopped, perhaps with its own collusion, by some combination of votes, the precise components of which will never be known...