Word: buying
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Dates: during 1960-1969
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...largesse in one form or another: farm subsidies, rights of way for railroads, canals, dams and other public works that can make a community's future, defense contracts that cushion both businessman and worker. Yet ever-growing welfare costs and a troubled antipoverty program that has yet to buy civil peace smack of something for nothing. The unemployed, over-fecund recipients of the taxpayers' generosity seem ever less grateful, ever more pugnacious-just as organized labor grew more militant with each advantage gained. Where will it all end? ask many uneasy Americans. Will the second...
Only 15 months ago, that sort of behavior would have seemed suicidal, if not impossible. In six disastrous days, Egypt and her chief allies, Syria and Jordan, lost three-quarters of their air and armored forces and the economic wherewithal to buy new arms. Egypt also lost the cream of its officer corps. The Soviet Union, anxious to increase its influence in the Middle East, stepped into the breach with new planes, tanks and guns. Now the Arabs' military machine has been 80% refurbished and considerably upgraded in quality. Once again, it heavily outnumbers Israel's armed forces...
...airlines some $90 million so far this year. But new aircraft purchases are far and away the most expensive item. Under contract, U.S. airlines will take delivery of 451 new jet planes this year, at a cost of $2.6 billion. In all, they have commitments or options to buy $7.6 billion worth of jets...
...course, the prospects have altered dramatically. Currently, dealers are getting a lot of sales mileage from the widespread expectation that inflation and the cost of mandatory safety items will add $100 to $125 to car prices next year. In one recent newspaper ad, the "Dodge Boys" urged customers to buy now to "beat the 1969 price increase." From all accounts, the "price scare" promotion is working well...
Aches in the Solar Plexus. Pinpointing a problem that plagues his business, Homer writes: "The president of your bank hates bonds. The mere sound of the word starts up a dull ache in his solar plexus. This makes him fidget. Bonds, he knows, are things the bank has to buy when there is no demand for loans; they are also things the bank has to sell when there is a demand for loans and interest rates are high. Somehow or other this usually involves a loss." As for coexistence with the stock market, writes Homer, "the bond market provides...