Word: cash
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Dates: during 1960-1969
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...Governor, Russell mapped an ambitious program to improve the quality of education without raising the state's 3% sales tax. He instituted an extensive money-saving program in state purchasing practices, even convinced the legislature that it should pay cash for school buses to save the interest charges. Although he is a segregationist, Russell is relatively popular with Negroes: he was the first South Carolina Governor in modern times to invite Negroes to his inauguration ceremonies, and he saw to it that the integration of Clemson College and the University of South Carolina was carried out in peace...
...generally worked well. When Wilson named Callaghan as Chancellor of the Exchequer, and then put George Brown in the new post of Minister for Economic Affairs, the immediate result was tension between the two. Callaghan's job, after all, required him to keep a cautious eye on the cash available in the Treasury, and Brown's ministry was necessarily dedicated to expansion. Between them, Callaghan and Brown worked out most of the details of the austerity budget, and Brown has succeeded-on paper at least-in getting a considerable number of trade unions and employers to agree...
...Last week it became clear that Martin is helping to fight the payments deficit and gold outflow by slowly raising short-term interest rates-a move that pleases the foreign bankers more than it pleases Johnson, an easy-money man. The Federal Reserve reported that its member banks' cash reserves are at a five-year...
Positive Outlook. The institutions are moving back in because the market is sturdier than a month or two ago, and offers some good buys among the blue chips. The market has successfully absorbed a series of new stock offerings (notably General Aniline's), which normally bleed cash from other stocks, and it has weathered the usual rush of tax selling before April 15. On the international front, the U.S.'s military gains in Viet Nam, the nation's apparently successful campaign to narrow its balance-of-payments deficit and Britain's determination to solve its problems...
...mutual-fund field-by buying the company he once quit. Stockholders of Investors Planning (1964 sales: $100 million), one of the nation's top ten fund sales firms, agreed to sell out to Cornfeld's Geneva-based Investors Overseas Services for just over $2,000,000 in cash and stock...