Word: distresse
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Dates: during 1960-1969
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...needs right now is a tax cut, however popular the idea. A cut would stimulate consumer spending, probably deny the Nixon Administration a budget surplus as a means of cooling off the economy, and throw the whole burden of combatting inflation onto a continued tight-money policy-to the distress of both home buyers and businessmen. In the longer run, a tax cut would absorb much of any "peace dividend" from lower spending on Viet Nam, thus dissipating funds that are needed to meet the pressing needs of the cities...
...tendency for costs to exceed taxes requires periodic adjustments to annually balance the local budget (as required by law), either by downgrading program quality, raising tax rates, or increasing dependence on outside aid. Usually some combination of all three types of adjustment is used, leading to cries of distress from three overlapping groups: public service recipients, City taxpayers, and State (and to a much lesser extent, Federal) taxpayers...
...Alice Springs, Australia. In broiling sunshine, yachts representing Australia and the U.S. fought it out for the Australia's Cup, while sun-bronzed Aussie and Yank oarsmen strained for the rowing championship. Children fished happily while lifeguards on surfboards kept an eye out for bikinied girls in distress. But as any Aussie will tell you, this was no run-of-the-millstream regatta. Consider...
LOCK UP YOUR DAUGHTERS is an adaptation by Bernard Miles of Henry Fielding's Rape Upon Rape, a ribald comedy about a corrupt magistrate whose target is damsels in distress. As was the custom of the period, the rapes will not be performed onstage. Music is by Laurie Johnson, lyrics by Lionel Bart, and Murray Matheson, Larry Kert and Travis Hudson star. East Haddam, Conn. Through...
Held As Hostage. Wall Street analysts are more worried about the glamour stocks of yesterday than about the blue chips. Mutual funds have been selling, and in some cases there has been distress selling inspired by the fear that customers will redeem their fund shares for cash. Even those inveterate bulls, the managers of go-go funds, are unloading stocks, and the hedge funds have been hard hit. Some money is being shifted out of stocks into bonds. People who buy stocks on margin have to pay 11% interest, but those who buy bonds collect as much as 8% interest...