Word: counter
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Dates: during 1960-1969
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...another $150 million last week, falling below $15 billion for the first time since 1939, and France's Charles de Gaulle was intent on making more mischief for the dollar (see WORLD BUSINESS). Johnson's advisers divided into "Hawks," who wanted to take strong measures to counter the payments deficit, and "Doves," who felt that stern restrictions would damage the nation. Johnson heeded the Doves, among them Commerce Secretary John Connor and President Donald C. Cook of American Electric Power Co., a prime Johnson adviser who will become Secretary of the Treasury this spring when Douglas Dillon leaves...
...limit on cash withdrawals. With another ? 35 million in bank notes scheduled to be flown from London soon, the run subsided by week's end. To dramatize its solvency and calm its customers, one Chinese bank used psychology: it piled a hoard of gold bars on the counter...
...revolt sprang from the ambitions of a number of county leaders eager to limit New York City Mayor Robert Wagner's influence over the Democratic party. These leaders sought to counter Wagner's 1961 victory over the party organization. In addition, all of them (except George Palmer of Schenectady) had been early supporters of Kennedy's entrance into New York politics. They had urged him to run and had worked diligently for his election. Clearly they hoped to protect their renaissance by using the umbrella of his name...
Pettigrew, himself an Episcopalian, noted his Church was going to an extreme in promoting "the counter ideology" of moderation. "There are not many racists in the Episcopal Church," he said. "That is not its problem. The problem is the prevailing assumption that the Church should be a bastion between dangerous extremists--racists and impatient integrationists." What the Church needs, Pettigrew suggested, is direct social action. Interracial barriers can be broken down only if Negro families are invited into all-white parishes, he maintained. The Episcopal and other churches should not wait until a consensus of opinion favors variations from...
...does Bristol-Myers do it? Schwartz, a balding and white-fringed executive of 58, runs the company by several credos. One is to blanket three expansive consumer markets-prescription drugs, over-the-counter drugs and beauty preparations-with Bristol-Myers products. Another is to pit the company's major divisions against one another by bringing out several types of the same product; thus Bristol-Myers markets a variety of hair tonics (Vitalis, Score, Fitch, Vitapointe), cold pills (Bromo-Quinine, Clinicin, 4-Way) and deodorants (Mum, Ban, Trig). Still another Schwartz principle is to stimulate in his subordinates what...