Word: credited
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Dates: during 1960-1969
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...Administration last week offered Congress a three-point initial package to moderate the economy's pace. The plan would repeal the 7% investment credit for business expansion. It also provides for the retention of existing excise taxes on telephones and automobiles. Most important, the Administration would continue the 10% income tax surcharge for six months and then halve it for the following six months. Treasury Secretary David Kennedy said: "This will do the job." House Ways and Means Chairman Wilbur Mills, who feels that Nixon's economy efforts to date have lacked conviction and impact, argued that...
...down 40% from 18 months ago, and sales of dry goods, medicines, cars and appliances have dropped 25%. Unemployment has risen to 10% of the working force. Velasco has resorted to ruling by decree, and hopes to lure investment through a policy of incentives and the easing of bank credit rates...
...cost of borrowing money has been rising rapidly ever since the Federal Reserve Board decided last December to get tough about inflation. Last week the deliberate squeeze on credit pushed many interest rates to the highest levels since 1929, causing considerable anxiety among bankers. Many moneymen fear that one more turn of the Federal Reserve's monetary screws might, as the Bank of America put it, cause "serious disruption in the financial markets and create conditions that would generate a recession...
That it certainly did. An idea of the din can be obtained from a new Nonesuch LP, for which Cage and Hiller prepared a special 21-minute version of Hpschd. To Cage's credit, he makes no claims for beauty in his compositions. In fact, he regards notions like beauty as mere value judgments that have no place in art. "When I produce a happening," he says, "I try my best to remove intention in order that what is done will not oblige the listener in any one way. I don't think we're really interested...
Entomologists still credit Nabokov as a serious lepidopterist. He described a dozen new variations of butterfly (mainly in the broad-ranging subfamily of blues), including the Lycaeides melissa samuelis Nabokov. His reports were models of precision, experts recall. But, in a prose necessarily dense with taxonomical terms, a few refreshing poetic riffs occurred: "From the opposite side of the distally twinned uncus," Nabokov wrote in a 1944 report describing genus Lycaeides, "and facing each other in the manner of the stolidly raised fists of two pugilists (of the old school) with the uncus hoods lending a Ku Klux Klan touch...