Word: cash
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Dates: during 1960-1969
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Lyndon Johnson will certainly find it far more difficult to extract cooperation and cash from the 90th Congress, which convenes next week, than from the compliant, free-spending 89th. The three-seat Democratic loss in the Senate (the new lineup: 64 v. 36) will result mainly in strengthening the Republicans' moderate-liberal wing. The G.O.P. gain of 47 House seats in the November election, which cuts the Democratic advantage to 248 v. 187, gives the Republicans their strongest House delegation since 1957-58 and nudges the House back toward its traditional role of skeptic. A recent survey by Congressional...
While bearded priests intoned prayers and blessings over blaring loudspeakers, pilgrims dressed in lionskins paraded around the gold-domed shrine, chanting, wailing, beating drums, and imploring the archangel to answer their prayers in return for offerings of jewelry, cash, painted ostrich eggs, rattails and leopard cubs. Disfigured beggars called upon Gabriel for the miracle of a cure. Vendors selling gum, candy, candles, post cards and pictures of movie stars shoved their way through the multitude. Barren women kissed the church's stones, praying the messenger of good tidings to grant them a child. On hand, in case immediate help...
...have complied with the privacy law by only one method - showing pictures of Klingsiek as a wartime witness. Even at that, insisted the court, Klingsiek "did not denounce Dr. Martens and did not tell untruths." Though his practice itself was not provably damaged, Klingsiek was entitled at least to cash compensation for "pain and suffering," the amount to be decided later...
...stock as a prophet went up while McChan's legal luck began to run out. Two gunmen held up a Baltimore bar, shot a barmaid twice and killed the manager as he knelt in front of his safe from which he had just handed over the cash. The barmaid managed to give police a description. Next day police spotted the getaway car, found McChan in it, held him on suspicion of murder...
Sequence of Squeeze. With inflation becoming a reality as prices jumped, the Federal Reserve at midyear made a hairpin turn. It shifted from expanding the money supply at a 6% annual rate to contracting it by a 2% rate, doing so by selling Government bonds to sop up cash. From April to August, the money supply - currency in circulation and demand deposits in banks - dropped from $171.6 billion to $166.9 billion. The reverse was particularly jarring because, simultaneously, loan demands were greatly stepped up as a result of two moves by the U.S. Treasury - which does not always coordinate...