Word: commonical
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Dates: during 1960-1969
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Such troubles lie beyond the therapeutic reach of a tax increase, which is not, as Chairman Gardner Ackley of the White House Council of Economic Advisers quipped last week, "the complete remedy for every ill including the common cold." But Ackley, from rostrums in Los Angeles and Manhattan, spelled out the Administration's case in somber detail. Without higher taxes, he warned, the nation faces "potentially serious trouble" with "price increases and soaring interest rates." On top of that, Ackley forecast "a deteriorating trade balance and new weakness in housing alongside a possibly unhealthy boom in investment, inventories...
Though he agrees with Harold Wilson on little else, Chambers shares the belief that Britain needs the Common Market, and he has moved to assure I.C.I.'s place in Europe no matter what happens politically. I.C.I, has bought into smaller European chemical firms, constructed plants in The Netherlands and West Germany. To gear itself to foreign competition, it is now in the final phase of a four-year, $1.7 billion capitalization program. It was partly because of that outlay that pre-tax profits dropped steadily over the past three years, to $242 million in 1966. Whatever happens, I.C.I...
Others besides Fiat are trying to sell them what they want. Common Market tariff reductions have brought increasing competition from abroad, and now Fiat, for the first time, is about to be challenged by an Italian firm. State-owned Alfa Romeo, which has decided to produce low-priced, medium-sized cars, is building a plant called Alfa Sud near Naples; it expects to turn out 300,000 cars annually...
...benefits reaped by Luxembourg's banking community. Local banks often participate in underwriting consortia, manage bond issues and act as paying agents. Says Professor Jean Blondeel, president of Kredietbank Luxembourgeoise, which has trebled its staff since the boom got under way: "We are the Switzerland of the Common Market...
Luke, played tightly but exuberantly by Paul New man, is a common man who is heading for trouble, everyone warns him, because he won't stay down. He portrays Christ as Rebel, the peasant radical elevated to deity, similar to Christ in Pasolini's Marxist-oriented The Gospel According to Saint Matthew...