Word: crediters
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Dates: during 1960-1969
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...erroneously credit the Wall Street Journal with scoring a scoop in July on the fact that a 7-lb. TV camera developed by Westinghouse was scheduled to provide live coverage on the first Apollo manned mission to the moon [Aug. 19]. Aviation Week printed the first story on this camera and its moon mission Jan. 10, and ran a picture of the camera a week later, along with the story that NASA was studying the feasibility of converting its black and white capability to color for transmission from the lunar surface...
...enacted by Congress in 1962 in order to stimulate economic growth, and it has worked only too well: a new Government survey shows that business and plant expansion this year will be 17% greater than last year and 76% greater than in 1961 (see U.S. BUSINESS). Canceling the tax credit, the President hopes, will curb the inflationary upsurge in business expenditures as well as reduce demand for borrowed money...
Forty-seven is a little late in life for a man to change his whole philosophy. But give Ralph Houk credit for trying. "Winning is all that counts," he used to say. Houk was a winner then. Now that he's a loser, he's learning to act like one. Alibis: "Injuries have practically killed us." Complaints: "The umpire really blew that one." Pleas for sympathy: "We're going through a period of unexpected events." Promises, promises, promises: "We have some outstanding prospects...
...were relieved that the President had finally taken some kind of action to cool the economy. But they also felt that, in an election year, industry had been singled out to bear the main burden imposed by Johnson's request for a suspension of the 7% investment tax credit...
Four years ago, when he was Under Secretary of the Treasury, Henry H. Fowler argued forcefully for congressional approval of the investment tax credit; by this means, businessmen could deduct from their corporate tax return 7% of the cost of new equipment. Since its introduction, the credit has meant $8 billion in savings for business, and it has helped spur capital spending from $37.3 billion in 1962 to an estimated $60.9 billion this year...