Word: crash
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Dates: during 1960-1969
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...three-day Easter weekend, the board moved on two fronts. First, it raised the discount rate (the interest that banks pay for the money they borrow) from 5½% to 6%. The increase, second in four months, brought the rate to its highest level since the 1929 crash. To make money more scarce as well as more costly, the board also increased the amount of cash that banks are required to keep in reserve. In effect, the board "froze" some $650 million in lendable funds, which translates into a withdrawal of more than $2 billion in credit from the economy...
...potent than a nature hike; never been more political than my vote; and even my best friends admit I am a bore. Why doesn't an airline run a horoscope and cancel a flight if it turns out bad? And then, can you see the headlines next day: "Crash Canceled-Nobody Dead...
...street to a courthouse to begin serving a one-year prison sentence. The duchess, whose title* is one of the most venerated in her country, was convicted of illegal protest when she led the villagers of Palomares on a protest trip to Madrid on the first anniversary of the crash of a U.S. bomber bearing a load of H-bombs near the town...
...Kennedy Federal Building, where you go to get your passport, and where the Internal Revenue Service gobbles up your money, stretches up much higher than City Hall in row after row of windows and cement. It reminds you of the billions of dollars spent on TFX airplanes which crash, and of the wealth spent on M-16 rifles which don't work...
...Ente Nazionale Idrocarburi, Italy's worldwide, state-owned oil corporation; of a brain tumor; in Milan. A onetime professor of statistics, Boldrini joined ENI in 1948 as president of its distributing company, and was vice president of the sprawling complex by the time Mattei died in a plane crash; critics dismissed the 72-year-old statistician as an "interim pope," but in his five-year reign he proved to be as expansive and guileful as his predecessor, plunging ENI into extensive new operations in Egypt, the Congo and South America, and playing East against West by bargaining for crude...