Word: borrowings
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Goods v. Lives. The low "kill-rate," to borrow an unhappy term from the other war, was due in large measure to lessons learned from three years of urban upheaval. Heeding the advice of the Kerner riot-commission report, which warned that "the use of excessive force-even the inappropriate display of weapons-may be inflammatory and lead to worse disorder," lawmen in most cities refrained from gunplay, and magistrates quickly processed those arrested for rioting, setting low bail as the commission suggested. There were few black snipers on the rooftops; on the streets, police and National Guardsmen mostly kept...
...effort to impose a special directorial vision on a play of dubious relevance is as admirable as it is misguided. And this is certainly not the place to question at length whether the horrors of American commercialism can really be satirized by any art work which chooses to borrow the terms of commercialism rather than create terms of its own. Mr. Moss's product is certainly worth a visit, if you have any taste at all for this sort of thing. But it is also hard not to feel some disappointment because we will now probably never know if Boris...
...Napoleon." Excessively cautious to begin with, he was reduced to timidity by his primitive version of the CIA, whose intelligence reports pictured small, ill-equipped Southern armies as fearsome hordes. "If General McClellan does not want to use the Army," Lincoln said at one point, "I would like to borrow...
Lately, the long-term trend to capital tightness has been aggravated in the U.S. by the Government's large-scale bor rowings to finance its budget deficit. Through issues of securities and loans, the market generates about $70 billion in credit yearly. The Federal Government expects to borrow a phenomenal amount of that-about $22 billion in the fiscal year ending this June. Unless taxes are increased fairly soon and sharply, the Government will pull $17 billion more out of the capital market in the first six months of 1968 than in the first half of 1967. In consequence...
Without a tax hike, the Treasury-which already spends 10.8% of national expenditures on interest payments-will have to borrow more money. This would make money available for private and corporate loans even more costly and difficult to get. Since Congress has shown no inclination to go along with a tax increase until the Administration has slashed nonmilitary spending, President Johnson two weeks ago agreed to a reduction of as much as $9 billion in his budget. Such a cut would affect foreign aid, the space program, the supersonic jet, and some or all of $1.5 billion in the highway...