Word: cutbacks
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Dates: during 1960-1969
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...June 30. Then G.M. reported that its April sales fell 24% from last year's record rate. With all that, the stock market dropped another 27 points, closing the week at an eleven-month low of 876.11. The loss in paper values since G.M.'s original cutback announcement has cost investors approximately $20 billion...
...excuse to sell more furiously. The Dow-Jones industrial average worried off ten points after Ackley's critique of profits, continued down after Martin's endorsement of higher taxes, plunged another 26 points in 1½ trading sessions after G.M.'s disclosure of a production cutback, falling to an intraday...
...most hostile report of all concerned one of the oldest controversies of McNamara's Pentagon tenure: his 1961 cutback on funds for big bombers and his subsequent decision to replace them in the next ten years with the FB-111, a flashy (Mach 2.5) modified fighter...
...that voter apathy would be the Democrats' biggest problem this year. Moreover, the National Committee headquarters has been reduced in size and deprived of much of its authority by the White House; and National Chairman John Bailey has little entree to the President's office. The staff cutback was attributed to economy; the Democrats still owe $2,400,000 from the 1964 election. Arthur Krim, president of United Artists Corp., was appointed finance chairman to head a $5,000,000 fund drive to pay off the old lOUs and bankroll this year's activities...
...economic adviser, complained that the Government is making "excessive use of monetary weapons and insufficient use of fiscal tools," called for a "modest" tax hike "to cool down the economy." Of eleven experts who testified before a subcommittee of the Senate-House Joint Economic Committee, three urged a cutback in Government spending and eight favored increased taxes, but all wanted some form of fiscal restraint to avert inflation. "Without an increase soon," said Yale's conservative Henry C. Wallich, "we will run into very serious problems...