Word: budgeteering
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Dates: during 1960-1969
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Godwin's neck is out. As a state senator, he led the Byrd machine's "massive resistance" campaign against school in tegration in 1959 and 1960, and has faithfully supported segregationist, budget-cutting legislation. However, since his election to the lieutenant-governorship in 1961, he has been carefully cultivating a more moderate image. Last year, with an eye to the Statehouse, Godwin campaigned vigorously for Lyndon Johnson while most Byrd stalwarts either sat on their hands or roundly supported Barry Goldwater. Godwin maintains that his earlier advocacy of segregated schools gave Virginians a "breathing period" in which...
...strength has not been bought cheaply. For McNamara's buildup, which has given the armed forces the capacity to respond flexibly to guerrilla and conventional warfare as well as to nuclear attack, the defense budget this year will be $7.5 billion higher than the last Eisenhower defense budget...
Fancied Slights. The two major parties are Inönü's Republicans and Demirel's Justice Party. Inönü won the 1961 election, but was toppled by Demirel on a budget vote in February (a caretaker regime has ruled since). The 82-year-old former Premier, chagrined at Demirel's rising popularity, is trying to stage a comeback with an anti-American-and pro-Soviet-stance. As a ru|e, Turks are conservative voters, but Inönü's tactics may win support in a land that has grown increasingly touchy...
...boosted minimum salaries of teachers and civil servants by 12%, increased social security benefits to workers and -in a land where 51% of the electorate lives on the farm-raised farm subsidies from $40 million in 1963 to an estimated $83 million this year. His policies sent the federal budget plunging steeply into the red and laid the groundwork for a classic inflationary spiral that could become very serious...
Economists, industrialists and ordinary family budget keepers for months have been nervously eying the price index, searching for the first real indicators of inflation after seven years of relative stability. Last week they almost found them. Three big shoe companies announced price increases of 4% to 5%; loading charges at many ports were hiked 5% to 12%; prices of glass containers went up more than 3%, and floor tile 5%. Tags on paper, sugar and chemicals also grew. Steel fabricators, pondering the new labor contracts with higher wages and fringes, hinted heavily of forthcoming boosts...