Word: dampener
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Dates: during 1960-1969
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Erhard wanted assurance that De Gaulle, on his visit to Russia this spring, would not recognize East Germany or compromise the disputed Oder-Neisse border. Privately, De Gaulle was quite willing to offer such assurances. Not publicly, since that might dampen his Moscow welcome. The solution? A graceful (but fleeting) toast in champagne (Laurent Perrier '55) to "a united Germany...
...course. Besides, Brakeman Sergio Siorpaes had designed a faster, more maneuverable sled with motorcycle shock absorbers and a central pivot that permitted both sets of runners to bank independently on curves. "I have never felt more like racing," said Monti after testing the sled. Even a crash failed to dampen his enthusiasm: during practice last month, he was clattering through Cortina's Curva di Arrive at 65 m.p.h. when the new sled hit a hidden crevice and stopped dead. Brakeman Siorpaes was hurled clear and knocked cold. Monti smacked into the front of the bob, cracking...
...whether there should be a boost in interest rates, the classical economic medicine. Bankers have been pressing for a rise, and last week the biggest banker of all, President Rudolph .A. Peterson of the Bank of America, stated their case: "A small rise in rates would not seriously dampen American business. On the contrary, it could well contribute to balanced and continued expansion of our economy." The Administration, on the other hand, has opposed any interest rise because of fears that such a rise might cut off the expansion by discouraging investment...
...share of the world market from 30% in 1955 to 22% last year. Cutthroat rivalry at home has helped shave profit margins from an average of 8% ten years ago to barely 1.4% today. All the while, the rapid rise of synthetic fibers has done much to dampen world demand for cottons...
...were a major factor in the 2.2% rise in wholesale prices during the year's first half, dropped in August for the second straight month, thanks to a bountiful harvest and beneficent weather. Steel demand tapered as the strike threat faded, and import competition remained stiff, serving to dampen any inclination toward rises in basic steel prices. Industrial investment this year will scale an alltime peak of $50 billion; that will expand capacity and reduce pressure on marginal plant. One powerful psychological brake to inflation: General Motors' decision to hold the line in auto prices (see following story...