Word: expanded
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Dates: during 1960-1969
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Through exchanges of men and ideas, the Weizmann Institute has played an important role in Israel's small but determined foreign-aid program. Such activities may expand when Dr. Albert Sabin, the developer of oral polio vaccine, takes over as president next January. Israel, he told a 25th anniversary banquet in New York last month, is "a pilot plant for the hundreds of millions of people living in ever greater poverty and misery" around the world...
What can be done to bring down the costs and expand the supply of living space? Housing Secretary Romney figures that one solution would be to enlist industrial expertise and capital to improve the technology of subsidized housing for low-income and moderate-income families. Though his program goes by the corny name of "Operation Breakthrough," it is nonetheless quite promising. Under it, 650 companies have submitted proposals for mass-producing houses or component parts. Many of the entries come from big firms that have hitherto been little involved in housing, including Republic Steel, General Electric and Union Carbide. Next...
...general monetary matters, Burns seems sympathetic to Conservative Economist Milton Friedman's theory that the Federal Reserve should expand the money supply at a fairly steady rate of 2% to 6% a year, depending on economic conditions. Friedman often debates economic policy with Burns on holidays in Vermont, where the two economists have vacation homes next to each other. Not surprisingly, Friedman hailed Burns' appointment as "splendid." Friedman admits, however, that "Arthur takes a long time to make decisions, and once he has made them, it is very difficult to get him to change his mind." Economist Raymond...
...main effect of the 50 DAS advisers, however, is to increase and expand markets. Those "markets" benefit American business. The DAS helps to stabilize and consolidate those economies. Whether the purpose is to aid American investment or to establish market economies makes little difference...
...individual university disciplines are directly subsidized by the state or business enterprise and continue to have and expand contractual relationships with these sources of funds, the result is nearly certain. Not only will the subjects so favored have a distorted growth in response to the needs of the system but those involved with tend to identify themselves increasingly with the goals of the contracting agencies and enterprises...