Word: caution
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Dates: during 1960-1969
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...consumer caution is due not only to inflation but also to growing uncertainty over the economy. Last week's figures disclosed continuing November declines in industrial production, housing starts and workers' purchasing power, distressingly combined with consumer-price increases that were running at a 6% annual rate. Arthur Burns, who will become chairman of the Federal Reserve Board on Feb. 2, conceded to a Senate committee that the U.S. faces a "danger" of recession. He spoke cautiously of a relaxation of the board's credit squeeze-if Congress passes a noninflationary tax bill and President Nixon...
...because of these unknowns that some of our state directors felt that they should caution their registrants that they could not rely with complete certainty on any estimate made at the time of the drawing," the bulletin added...
...Lest my caution in this matter be misinterpreted, I should like to record that I voted with the minority in the Committee on Research Policy...
...predecessor, General William Westmoreland, was wont to make-and still occasionally utters (see TIME Essay, page 26). Westmoreland seriously underestimated the adverse effect of the 1968 Tet offensive, which he called a triumph for the U.S., upon public opinion at home. And there are more substantive reasons for their caution. The progress that they see-in the lowered level of the violence, in pacification of the countryside, in turning over the fighting to the South Vietnamese army -does not mean that the enemy has been routed from the field. A conventional military victory is as remote...
...clarion over this important win in the league opener must be tempered by caution. Next weekend, Harvard faces Navy at Annapolis. "Navy is far superior to Army." Brooks said...