Word: effect
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Dates: during 1960-1969
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...over whether these expectations will be fulfilled quickly. Although Richard Nixon has been silent lately on this issue, the two Cabinet officers who share jurisdiction over school integration-Attorney General John Mitchell and Secretary Robert Finch of Health, Education and Welfare -have made some alarming and ambiguous moves. Their effect is to raise the question: Is the Administration pulling back from the scheduled pace of desegregation? The rhetoric, to be sure, remains pro-civil rights, and in some respects the Administration has been both progressive and innovative. Finch, earlier thought of as the Cabinet liberal, may yet prove correct when...
...Eastern Europe, the immediate effect of the invasion has been to slow down or snuff out entirely all but the most cautious experiments in economic reform -at least for the time being. Outside the Soviet bloc, the invasion has accelerated the fragmentation of Communist parties into rival factions, a process begun with the outbreak of the Sino-Soviet schism of the early 1960s. It also greatly weakened Moscow's claim to be the sole rightful interpreter of the true path of Communism...
...number of state legislatures are discussing proposals to ban nonreturnable bottles. In addition, there is talk among Federal officials about a possible "effluent" tax on a variety of consumer containers. In effect, this might resemble the deposit system. The consumer would pay a small tax per can, then get his money back when he returned the can for reuse. It is an ingenious idea, but it will need far more political support before it can come to pass...
Hurting Consumers. Construction costs are also coming under attack from other directions. The Associated General Contractors of America, whose members build most of the nation's roads, dams, factories and skyscrapers, has devised a strike insurance plan that may go into effect next year. "It would help stiffen the resistance of a little guy who might otherwise cave in," says William E. Dunn, executive director of the A.G.C. Labor Secretary George Shultz has been meeting since May with Harvard Economist John Dunlop and other experts to explore ways to contain construction costs. Shultz hopes to induce contractors and construction...
Even though they disclaim any thoughts of setting up a new class of conglomerates, insurers have so much cash to invest that their new tactics can have an enormous effect on the economy. Last year, life insurance companies alone had over $17 billion of new money to invest, or almost 14% of gross private investment. To investors who have been accustomed to getting only an interest return on loans, says Washington Economist Miles Colean, "an exposure to equities is like the taste of blood to a young lion." The insurance industry's new look may have an even greater...