Word: cash
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Dates: during 1960-1969
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...suburbs, and hard-to-teach Negro and Puerto Rican children are on the increase-they comprise 76.5% of all elementary school pupils in Manhattan. Such children are often so transient that in some schools teachers get two sets of students between September and June. The city has poured extra cash and supplies into 274 "special service" schools, but none of it goes far enough. A third of all junior high students are at least two years retarded in reading, 90,000 kids can barely speak English, and more than half of all students drop out of school before graduation...
Rockefeller offered several recommendations of his own to check the gold drain. He urged "an immediate federal tax cut to raise production efficiency, improving our ability to compete in world markets," coupled with "a clear goal of a balanced cash budget as soon as possible." He would soften the drain caused by foreign aid by making sure that aid "does not simply pour more dollars into nations which already have balance-of-payments surpluses" and by urging "our European allies to assume a larger share of the foreign-aid program...
...just about where it was in 1957 in industry and crop production. Even in 1957, supplies were just barely sufficient for needs, and since that time, at least 70 million more Chinese have been born-and must be fed, clothed, housed and educated. Peking has dug into its slender cash reserves to buy wheat from abroad at a total cost of $782 million...
...areas, scarce in others. So it is with items such as cloth. Last year, when the cloth ration in Canton was only 1½ feet per person annually, it was 7 feet in Tsinan. To buy commodities, workers needed coupons as well as money: one coupon, plus the necessary cash price, got a small cooking pot. Each citizen also received a ticket for two bars of toilet soap a year, and one of laundry soap per month, and there were ration cards for cooking oil, flour, sugar and sweets. The meat ration in Tsinan is currently three ounces a month...
...Independence. Japanese businessmen wonder whether the Mitsubishi merger plans will prove catching. Until recently, most non-zaibatsu Japanese firms were doing so well that they felt little need to merge. Even some of the old zaibatsu showed a surprising independence from the old arrangements, particularly since their need for cash became so great that it could no longer be filled only by the zaibatsu banks they once were tied to. But Japan's new moves toward trade liberalization and its increasing need to export have caused a widespread change of heart. With the government's encouragement, many Japanese...