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...waiting for the guests to arrive, there is some joking and joshing. But as the youngsters enter, they hear a wrought-up Martha hurl "Screw you!" across the room at her husband. Nick (George Grizzard), aged 30, is a new member of the biology department; his wife Honey (Melinda Dillon) is four years younger. At first they are onlookers, but before long they find themselves sucked into the vortex of a maelstrom. The fun refuses to remain innocent, and the games become deadly: in turn they play Humiliate the Host, then Hump the process more liquor than does the entire...

Author: By Caldwell Titcomb, | Title: Who's Afraid of Virginia Woolf? | 12/12/1962 | See Source »

...goodies to be handed out in 1963. Walter Heller, chairman of the President's Council of Economic Advisers, called for a tax reduction of $5 billion, including a 10% cut in corporation taxes but with the bulk of the cut going to individuals. Treasury Secretary Douglas Dillon followed up with the prediction of a "significant" cut in taxes, adding that since tax concessions already have been given to corporations, "by far the major part" of the new cuts should take place in individual tax rates...

Author: /time Magazine | Title: The Economy: Damn the Deficit | 11/23/1962 | See Source »

...real answer to the balance of payments in the end, says Treasury Secretary Douglas Dillon, falls on the foreign adventurism of the U.S. businessman. To close the payments gap, he says, "will take a substantial and accelerating increase in U.S. exports of goods and services...

Author: /time Magazine | Title: Money: Elusive Balance | 11/16/1962 | See Source »

...everything else, all work came to a standstill at the long-awaited Mexico City meeting of hemisphere finance ministers on the state of the Alliance for Progress. The session was less than two days old when President Kennedy sent an emergency message summoning home U.S. Treasury Secretary C. Douglas Dillon. Before he left, Dillon did put the Latins at ease on one point. The U.S., he said, was prepared to replenish the coffers of the Inter-American Development Bank, would also provide $1 billion in aid next year to match the $1 billion earmarked last year...

Author: /time Magazine | Title: The Hemisphere: On with the Task | 11/2/1962 | See Source »

...Without Dillon the delegates got down to work analyzing the Alliance's disappointing first year. Many Latin American nations complained that the U.S. was quick to commit funds but slow to disburse them. In a spirit of selfcriticism, they also noted their own shortcomings. Only half of the countries had completed or were close to completing development plans, either short-or long-range. Eight countries had adopted tax reforms, five others had modified their tax systems; the rest were simply conducting studies. Large-scale housing is still in the planning stage; improved schooling is hardly under way; the shortage...

Author: /time Magazine | Title: The Hemisphere: On with the Task | 11/2/1962 | See Source »

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