Word: droughts
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
House Republicans, eying the new coinage revenues as greedily as a gang of Silverfingers, have suggested that the money be earmarked for specific programs such as combatting the drought in the Northeastern U.S. or reducing the federal debt. Last week President Johnson dimmed their hopes with a report by a special study team that included Treasury Secretary Henry Fowler, Director of the Budget Charles Schultze and Chairman of the Council of Economic Advisers Gardner Ackley; it pointed out that the exact amount of the new revenues would vary with the demand for coins, thus could not be depended upon...
...spell in 1950, he prophesied: "I will dry up your rivers and I will dry up your streams. This water shortage in New York City has been just a slight sketch and reflection of what I will do!" He lived to see his words come true with the drought...
Taken together, the best features of these plans would repair the inadequacies of the current system. The money drought would be alleviated for developing nations, which would be able to borrow more readily from the international treasury. Nations suffering from temporary financial embarrassment, such as Britain, would be able to borrow fairly easily instead of devaluing. The Continental countries, by contributing their own currencies to the new reserve fund, would share in both the rewards and burdens of serving as banker to the world. And the increased supply of reserves would ease the pressure on the dollar because...
...farmer's shadow still looms large on Capitol Hill. However, there are signs that an increasingly urbanized America is losing patience with ever-mounting subsidies and surpluses. The political influence of the farmer has already declined. Thus, barring war or prolonged general drought, reasons Cochrane, "increased agricultural productivity is going to drive farm program costs, under voluntary control programs, into direct collision with the budget limitation objectives of the urban voter within the next three to ten years. A crisis in commercial farm policy is in the making...
Parishioners of Harlem's Fountain Springs Baptist Church invoked an older response to drought. Three times a day, their pastor instructed them, they were all to pray for rain. A less idealistic proposal was offered by Congressman William F. Ryan, a candidate for the Democratic mayoral nomination, who says Wagner should fire his Water Supply Commissioner for not fixing leaks in water mains. Just for emphasis, Ryan rolled up his pants and waded through one gusher in Central Park−he even drank some of the water−but the department said it was nature's water...