Word: dampener
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...NIXON. The word went out last week in the Nixon camp: Dampen all that Cabinet speculation until after Nov. 5, lest it seem presumptuous. Still, it is generally believed that Nixon is so interested in foreign affairs that he may not want an overly independent Secretary of State. In that case, he might pick Pennsylvania's William Scranton, who recently trekked to Europe on a fact-finding tour for him. If Nixon finally decides on an individualist for Foggy Bottom, the odds favor Douglas Dillon, who would have been Secretary of State in 1960 had Nixon won. Scranton might...
...single ten-day period, of course, is anything but conclusive. Nonetheless, the industry's early-October performance suggests that the 10% tax surcharge has done remarkably little to dampen consumer spending.* With Buick and Oldsmobile improving most, G.M. showed sizable gains in all divisions except Cadillac. Ford fared best with such full-size models as its new LTD, while Lincoln Mercury's biggest gainer was the Cougar, available for the first time in a convertible. Chrysler reported across-the-board gains, paced by Plymouth's ultra-sporty "Road Runner," so-called because of a "beep beep" horn...
...help France battle speculative attacks against the franc, the Bank for International Settle ments and central banks of five countries (the U.S., Belgium, The Netherlands, Italy and West Germany) agreed to provide Paris with short-term credits totaling $1.3 billion. At the same time, the Basel conferees sought to dampen gold speculation by devising a scheme by which South Africa is expected to resume its sales on the world's bullion markets. In view of all this, the price of gold on the London market last week went down to $39.10 per oz.-the first time it has dropped...
...owners out of the ghetto. Such tactics only enraged most Negroes, many of whom lived above burned-out stores, as well as many others who could then find no place to buy food for their families. In Newark, Timothy Still, Negro president of the United Community Corporation, which helped dampen ghetto violence there, threatened: "We are going to take care of the arsonists ourselves, if we catch any. When we're through with them, we'll turn them over to the police. If any man burns those poor Negroes' homes down, I say goddam his soul...
...levy, which applies retroactively to the fiscal year that ended last week, is expected to raise $240 million of the $4 billion in fresh taxes provided for in Britain's latest austerity budget. By taking money from British pockets, the whole tax package is generally intended to dampen demand at home, thus help ease the country's chronic balance of payments deficit. The soak-the-rich character of the investment-income levy has the added political purpose of pleasing left-wing members of Harold Wilson's ruling Labor Party...