Word: dollars
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Dates: during 1960-1969
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...levitate the Pentagon"; its politicians include such men as Arthur Schlesinger Jr., who thinks that "a President with too much power is a President without Schlesinger at his side"; its liberal economics lean to the quaint axiom that "there is some virtue in elongating the distance between where a dollar is collected and where it is spent...
...Interest rates soared. On top of a $20 billion-plus federal-budget deficit in the fiscal year ending this month, the new year was expected to bring as much as $30 billion in red ink. So huge a deficit, in turn, threatened to reduce confidence in the already shaky dollar. His back to the wall, Johnson finally met Mills's price for a tax increase, and the influential chairman, together with the House Democratic and Republican leadership, combined to assemble a large majority for the bill...
...likely to pass the surcharge within the next two weeks-17 months after the President first urgently proposed it. The tax should show the rest of the world that the U.S. really is serious about cleaning up its financial household. And that in itself should increase confidence in the dollar...
There was also plenty of push and shove lower down on the list. Nine companies appeared for the first time among the industrial corporations with sales of more than a billion dollars: Ling-Temco-Vought, Signal Oil & Gas, Raytheon, Consolidated Foods, Honeywell, Coca-Cola, Getty Oil, TRW and Colgate-Palmolive. Five other corporations-Inland Steel, Grumman Aircraft Engineering, General Tire & Rubber, Jones & Laughlin Steel, and Olin Mathieson Chemical-fell out of that group. In sum, including also the merger of the billion-dollar member Douglas Aircraft into McDonnell Douglas last year, there was a net gain of three...
...Zurich,* whose hunger for gold is only slightly less keen than his appetite for pessimism. The Gnome's credo: Men cannot manage their affairs rationally for very long periods. Hence, politicians promise things that cannot be paid for, trade balances totter, gold reserves slip away, and the dollar faces a crisis of belief...