Word: fasters
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Dates: during 1960-1969
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Instead of curtailing their foreign investments as a result of President Johnson's call for a "voluntary" downhold on dollar outflow, American business men are expanding faster than ever overseas. They have indeed improved the nation's balance of payments by cutting back U.S. bank loans to foreigners and repatriating more profits from ventures abroad. But they will in crease their foreign investments by 20% this year, spending a record $7.4 billion, about half of it in highly developed and competitive Western Europe. The bulk of these investments will not damage the U.S. balance of payments. Reason...
...thriving U.S. economy, now in its 54th consecutive month of advance, is creating new jobs faster than automation is eliminating old ones. In mid-August, the Labor Department reported last week, the number of Americans on nonagricultural payrolls reached an all-time high of 61.1 million, 334,000 more than in July. During the same period, total unemployment dropped by 350,-000 to 3,300,000, although the jobless rate remained at July's 4.5% - an eight-year low - because of a temporary decrease in the work force...
...Wyoming precedent reflects a new legal tension over the rights of the mentally ill. Of the roughly 300,000 Americans who will enter mental hos pitals this year, more than half will be committed against their will. While medicine seeks earlier and faster cures, the law's problem is to protect the patient's rights in the process...
...used it as the foundation for his great empire. An end to the morning rivalry obviously made economic sense. The two Hearst papers were losing a combined $4,000,000 a year; the Chronicle claimed to be making a slender profit. Both dailies were gaining circulation-the faster-growing Chronicle now stands at 361,-000 and the Examiner at 303,000-but neither attracted enough new advertising. Says the Chronicle's able, aggressive Executive Editor Scott Newhall: "It has been a debilitating competitive fight, and the reading public has not been served...
Bargain Hunters. One result of this mood was a buying rush for bargain-priced shares, notably of such electronics and aerospace companies as Fairchild Hiller, Avnet, SCM and Ampex. Airlines, chemicals and drug issues spurted, many of them faster than leading industrial blue chips. Boeing (up 81 points for the week) reached a new high for the year; so did Lockheed, RCA, General Electric, IBM and Xerox. Small investors were buying strongly, but brokers also noted active trading by institutions...