Word: dollars
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Dates: during 1960-1969
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Last week's cleanup, titled "The Thing in the Spring," was not a headline project. It was hardly a billion-dollar item and scarcely caused much of a dent in New York City's Augean malaise. But, along with dozens of similar efforts across the nation, it demonstrated-even as Congress balks at the billion-dollar programs that are truly needed-that individual hands and hearts are committed to alleviating the wretchedness of the inner city...
...that neither Congress nor the Administration can harmonize? "It's like a bunch of people walking around in high elephant grass," says one Treasury official. They were in brief sight of one another last month at the height of the gold crisis. Sobered by the threat to the dollar, Congress seemed to be less hostile to the notion of raising taxes in an election year; the Senate went so far as to attach a 10% income-tax surcharge to another revenue measure-together with a stiff $6 billion cut in the federal budget...
...risks that were worrying Okun-inflation at home and a threatened dollar abroad-last week prompted the Federal Reserve Board to give the nation its third dose in five months of some painful economic medicine: higher interest rates. The Reserve Board voted unanimously to raise its discount rate from 5% to 51%. That increase in the amount the Fed's district banks charge for borrowed funds applied initially to loans to member banks from the Federal Reserve banks of New York, Philadelphia and Minneapolis. The other nine reserve banks were expected to take similar action quickly...
Approximately 70 Lesley freshmen will go for as low as one dollar per slave; each additional bid must be at least 50 cents. The profits will go to the Lesley Freshman Project Fund...
...relief. Tenor Larry Bakst, looking more embarrassed than most in his sparse neo-Athenian garb, nonetheless gave out a pure, well-modulated Russell Oberlin-like sound that was the surprise joy of the evening. The chorus acquitted itself energetically, though its acting and stage deportment matched the sophistication of dollar-a-day extras in Italian gladiator flicks...