Word: coal
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Dates: during 1960-1969
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...cuts. But some thing had to be done about government spending. Over the years, when rapid economic growth promised to produce enough cash to meet almost any demand on the federal treasury, Germany built up an ever more costly welfare system, propped up its inefficient agriculture and high-cost coal mines with vast subsidies. That spending spree, matched by consumers and fueled by galloping wage increases, kept prices moving steeply upward. When the alarmed Bundesbank stepped in with sharply higher interest rates, bank credit became so scarce and expensive that industrial expansion fell sharply, and some cautious manufacturers began shortening...
Emergency Solution. Coal miners near Wilkes-Barre scurried 300 ft. to the surface when fans that dissipate dangerous fumes failed. Two window washers spent two hours and 18 minutes outside the 16th floor of the Farmers Bank Building in Wilmington, passing the time waving at office girls in the building across the street. In a darkened Philadelphia building, where a federal committee to study ways of handling emergency situations was in session, its nine members solved their own by walking down nine flights to the street...
...Communications Center. He spices his classroom endeavors with as many as 30 shows a year, most of them "teaching exhibits," ranging from didactic displays on industrial design to such far-out spectaculars as last spring's "Feelies Show." In the latter, students were first plunged into a coal-black room, forced to grope their way along a handrail that turned from wood to fur to aluminum to sandpaper, while the floor underfoot changed from hardwood to rubbery sponge, in order, as Hayes puts it, to make them "aware" that they are "all nerves...
...machinery for dealing with the British is at last being put in motion. Before the Rome conference adjourned, the leaders also agreed to press ahead with the plan to integrate into one organization on July 1 the three agencies of European cooperation-the Common Market, Euratom, and the Coal and Steel Community. In as chairman of the expanded commission will come Belgium's able Jean Rey, 64, replacing the Common Market's longtime chief, Walter Hallstein, who is leaving under pressure from De Gaulle because he placed too much emphasis on the Common Market's supranational nature...
Because beer-quaffing Britons loyally support some 300 breweries, 3,000 brands of suds and 70,000 local pubs, economists have long classed the national beverage as a "depression-proof" staple. This being the case, big brewers have run their businesses with all the imagination of the National Coal Board...