Word: cautiousness
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Dates: during 1960-1969
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...symptoms of monetary malaise are abundant. Because its sterling is tarnished, Britain has been forced to deflate and then devalue, causing its citizens to pay more for what they buy from the rest of the world. The dollar is also under assault. Betting that its value will decline, some cautious bankers and quick-profit speculators are selling dollars for gold at a rapid rate. The hemorrhage of U.S. gold has become alarming-nearly $1 billion in the past two months-and last week President Johnson took some stern actions to stop it (see THE NATION and BUSINESS). It is obvious...
During the past five years, conditions in Southeast Asia have justified "cautious optimism," with most nations-notably Indonesia-displaying a capacity for pragmatic politics...
...nagging fear behind this cautious treatment is that alien organisms might hitch a ride aboard the spacecraft, in the bodies of the astronauts or in moon rocks that they will carry back. Such bugs, against which man has developed no immunity or medicines, could conceivably cause a catastrophic plague on earth. "We know that we're dealing with a low-probability risk and that no one really expects life to be found on the moon," says NASA's Dr. Walter W. Kemmerer Jr. "Yet the best way to preserve life is to freeze...
...Washington concluded that the economy was rebounding with inflationary speed. Chairman Gardner Ackley of the White House Council of Economic Advisers predicted that "a strong revival of demand" would be led by a burst of spending for factories and durable goods. It wasn't. Spotty profits kept businessmen cautious about expansion. Their borrowing served partly to pay off old loans and replenish coffers depleted by the 1966 money squeeze and the spring speedup in corporate tax collections; most of all, it reflected wide expectation that the Reserve Board might tighten up on credit or that the Government would...
Nonetheless, it is the North Viet namese who are provoking the head-on clashes. What does it mean? Viet Nam veterans have been stung so often over the years by misplaced optimism that most have become cautious to a fault; yet some cautiously conjecture that the Communists' aggressiveness just might be the next step to negotiations (see ESSAY). "They're trying to pull off one last offensive and then talk peace," said one U.S. official. If that is so, however, the Viet Cong message to the United Nations last week gave no hint of it. More propaganda than...