Word: factoring
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Dates: during 1960-1969
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...economic strain, a major factor in the downfall of Ludwig Erhard's government two months ago, is even more visible today. More than at any other time since the Wirtschaftswunder (economic miracle) transformed war-torn West Germany into Europe's biggest trading power, television and automobile manufacturers are stuck with unsold stock, building cranes stand idle, and workers are uneasy about their jobs. The nation's economic growth, which has averaged almost 6% a year since 1950, dropped to barely 3% in 1966, is likely to dip to an icy 2% this year. "The economy," warns Fritz...
...that for defense. Just where the money will go depends on such pending decisions as whether a Nike-X anti-missile missile system should be deployed, how much will be spent on a supersonic transport and how much Government paper can be sold to the public in 1967 - a factor that can vary the final size of the budget by $5 billion or more. And, of course, the President had not yet announced his decision about a tax hike, which could depend just as much on the Government's need for revenue as on a desire to cool...
...some 1966 labor contracts negotiated with Administration approval, about as up-to-date as last year's newspaper. Nevertheless, the Administration intends to carry on what an aide calls "a jawbone campaign" urging wage restraint and a return to 3.2%. The reason is that wages are a key factor in the fight on inflation, and in 1967 no less than 32 major contracts will be up for renegotiation...
...little Weston? It made for intriguing speculation that among the six states under final site consideration (the others: California, Colorado, Michigan, New York and Wisconsin), Illinois by next month will be the only one with a Democratic Governor. But the Atomic Energy Commission insisted that the controlling factor was Weston's proximity to existing scientific centers. After all, the new atom smasher will be situated just 17 miles from the AEC's sprawling Argonne National Laboratory and less than an hour's drive from Chicago, where Enrico Fermi first split the atom in 1942. In a sense...
Against expediency is weighed the draft exam and class rank, two adjuncts to II-S with enormous political consequences. Professors do not like the use of class rank as a factor in determining deferment because they resent being drawn into the Selective Service process; psychologists dislike it because, they say, it leads to grade-grubbing and unnatural tension -- and they claim that grades often don't have any relation to performance after college. The draft exam can be attacked: congenital inaccuracy which makes it impossible to answer some questions because the right answer is a) not given or b) given...