Word: boosts
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Dates: during 1960-1969
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...predicts Walter Heller, former chairman of the President's Council of Economic Advisers, the increase in interest rates will cut housing back to a point even below last year's disappointing 1,500,000 starts. Federal Reserve Board Governor Sherman Maisel, who strongly opposed the rate boost, figures that the board's action will cut housing sharply. Some Washington officials predict that the discount-rate increase will eliminate 100,000 to 150,000 starts for a year...
...raise money for the Viet Nam war and domestic expenses, the Government was forced last week to lift its 91-day bill yield to an alltime high 4.673%. President Johnson also instructed Treasury Secretary Henry Fowler to boost the interest rates on U.S. Savings Bonds, probably from 3¾% to 4¼%. Meanwhile, some AAA corporate bonds now yield close to 5%, and banks have begun to pay up to 5½% for time deposits...
Gringo Grumbles. Mexico's motives are not altogether selfless. It would like to boost exports and build a stake in the thriving, 12 million-consumer Central American Common Market. This in turn led some Central American businessmen, worried about superior competition from what they refer to as the "Colossus of the North," to grumble about Mexico's "imperialistic" intentions-precisely as generations of Mexican anti-gringos have fretted in the shadow of Mexico's neighbor across the Rio Grande. To soothe their fears, Díaz Ordaz specifically promised no economic or political interference. Said he crisply...
...Built-in Boost. A principal reason for the $15 billion-odd increase over this year's initial figure is, of course, the rising cost of the war in Viet Nam. That alone is expected to account for some $6 billion or $7 billion of the increase, swelling the Defense Department's expenditures next year to about $60 billion compared with this year's $53 billion to $54 billion. (In addition, Johnson will ask Congress for a $12.5 billion supplemental appropriation for the Viet Nam war, none of which will be counted in the new budget; he intends...
...work in the late afternoon. In modern times, however, workers in downtown Santiago, Valparaiso and Concepción, many of whom live six or seven miles from their jobs, have spent most of their lunchtime stalled on buses in traffic jams. So when Frei's government, seeking to boost efficiency and save electricity, last year asked the University of Chile to make a survey, results showed 94.6% favoring an uninterrupted working day, with only 4.5% opposed to the idea...