Word: difficult
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Dates: during 1960-1969
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...hoped to beat-former Defense Secretary Clark Clifford's estimate that 100,000 men could be pulled out by no later than the end of 1969. But in Nixon's view, the move served a more important purpose. It helped to mute domestic dissent, making it more difficult for leaders of the slipping antiwar movement to sustain interest in their drive for a faster U.S. disengagement...
...Oord, a U.N. official from The Netherlands-but only on an acting basis. The Mekong Committee insists that any permanent replacement for Schaaf must agree to remain with the project indefinitely. The U.N. is unlikely to agree to this ultimatum, and the bickering has probably made fund raising more difficult. The tragedy is that the Mekong project has reached the takeoff point, and official indifference in Washington and executive infighting at the U.N. could severely mar the grand design...
...chiefly by buying or selling Government bonds. When the board buys bonds, it automatically raises the quantity of reserves available to banks; this increases the amount of credit that banks can extend to borrowers. When the board sells bonds, the process operates in reverse and borrowing tends to become difficult...
That reassuring thesis may be difficult for some inflation fighters to accept, because 1969 has been such a frustrating year. Repeatedly, Administration leaders have announced that, as Nixon said on Oct. 17, "we are on the road to recovery from runaway prices." Paul McCracken's original year-end deadline for arresting the price trend faded quietly into oblivion. "We underestimated the inflationary expectations," says Under Secretary of the Treasury Charls Walker. "They were deeply ingrained. We didn't expect that it would be so tough...
...rising fears of recession show that the Administration is at last making headway in its difficult fight against inflationary psychology. All year, Nixon's economic lieutenants have been trying to create a degree of uncertainty in the minds of businessmen, labor and consumers about the prospect for continued prosperity. Many experts find the present outlook no cause for alarm. Arthur Okun, the former head of the Council of Economic Advisers, calls the chance of either a recession or a continued boom "a long shot." By his handicapping, the Government stands a 50% chance of bringing the inflation rate down...