Word: cautiousness
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Dates: during 1960-1969
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...Yovicain's career at Gettysburg College before coming to Harvard he lost only 11 games in five years. Four of the losses were to Lehigh, however. Understandably, Yovicain, will be cautious...
...Plain of the Reeds five weeks ago-was laying a trap for another showdown. U.S.-trained Colonel Huynh Van Cao traveled around Kien Tuong province telling villagers exactly where and when he intended to attack the Communists, showily deploying his men to back up his threats. Predictably, the cautious Viet Cong melted deep into their Plain of the Reeds stronghold, exactly where Colonel Cao wanted them. Suddenly shifting his troops, he deployed four infantry battalions on the Viet Cong's south flank. Three airborne battalions, backed up by armored companies moving overland, closed in on the Communists from...
...recovery year of 1955 and about as high as in recovery 1959 (see chart). Another reason is that many influential figures in the Kennedy Administration, led by Presidential Economic Adviser Walter Heller, favor the principle of "easy money" and have won at least limited concessions from the more cautious Federal Reserve Board chairman, William McChesney Martin. The Fed has not only held its discount rate at 3% since August 1960 but has started a new policy of buying U.S. notes and bonds of longer maturity to keep the rates on them down (TIME, March...
Above all, the supply of lendable funds remains high. Personal income is up to a record $419 billion annual rate, and the nation's cautious consumers have been banking 7% of their disposable income. Industry is not rushing to borrow, for plant overcapacity persists despite July's 2% rise in production. Says one Fed official: "It is hardly reasonable to expect higher interest rates when our output is still running far below what...
...East fenced with West, in a skirmish which went by certain rules and limits, everyone was increasingly aware that a dangerous imponderable had been added to all the cautious, careful calculations about the "aching tooth" of Berlin, the bone in Khrushchev's throat. This was the presence of an ever-increasing flow of westward-moving refugees racing to use the West Berlin escape hatch. For the West to encourage it, or for the East to shut it off, could bring things to a flash point...