Word: delayer
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Dates: during 1960-1969
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...billion deficit, coupled with the built-in cost-push inflationary pressures of wage and price increases, will probably bring about a return to excessively high interest rates and tight money conditions from the Federal Reserve Board (Fed)--if Congress does not act quickly on the proposed tax increase. A delay in the hike would permit inflationary forces to gain momentum, and then the Fed would use its monetary device of tightening money--clearly, only a second best choice...
...this may not move Algerian President Houari Boumediene, who must give ultimate approval if Tshombe is to be extradited, but there were other factors that may have caused him to delay his decision. In exchange for Tshombe, Boumediene hopes to get Mobutu's support for Arab policies in the U.N. and perhaps also to loosen the Congo's close ties with Israel. His intelligence men may also want to get as much information as they can out of Tshombe, including the details of Lumumba's death, which some say Mobutu also had a hand...
...Bill Martin, a much less political and much more independent man than Ackley, but nevertheless an early supporter of President Johnson's January request for a 6% surcharge on corporate and personal income taxes. Speaking to the Toledo Rotary Club, the FRB chairman bluntly urged higher taxes without delay. Moreover, he said he would back an increase even larger than 6%, "if warranted," after Congress makes this year's appropriations. Unlike Ackley, who based his argument on bullish expectations of a strongly rising market for durable goods, a burst of spending for factories, and an early...
...billion. Treasury Secretary Henry Fowler recently admitted that it might go as high as $24 billion, mostly because of the Viet Nam war. Warned Martin in Toledo: "We must have adequate, effective-and above all -prompt tax action that would whittle down the deficit to manageable proportions. Delay would permit inflationary forces to gain momentum...
...first. On the day before the guns opened up, the Israeli Cabinet met secretly to discuss whether to launch a "preemptive" attack before the gathering Arab armies struck. Abba Eban argued for further diplomatic efforts. Defense Minister Moshe Dayan insisted that the safety of the nation would not permit delay. Dayan carried the day. The attack was authorized by a vote of 16-2, the only nays being cast by the left-wing socialists...