Word: feds
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Dates: during 1960-1969
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...royal palace at Rabat, Morocco's genial King Mohammed V was caught in a heartwarming domestic moment, as he fed a breakfast dainty to his dainty youngest daughter, Princess Amina, 5. Though plenty of gold and silver tableware was on hand, Mohammed ladled out the victuals with a wooden spoon...
...drove for the basket and faked a shot. But, in midair, he flipped a pass behind his back to Teammate Tom Gola, who was so wide open that he merely stuffed down the basket. Minutes later, Rodgers scooped up a free ball with the smooth motion of a shortstop, fed a precise pass to the pivoting Wilt Chamberlain for another easy basket. Nursing an injured ankle, Rodgers played only 20 min., but scored 11 points, set up four baskets for teammates. Final score: Warriors 114, Knicks...
...Rome, the pilgrims will visit the Circus Maximus, where early Christians were fed to hungry lions. Those who hunger for revenge can get it outside the arena at a refreshment stand that sells lionburgers; leftover anger can be worked off at the David and Goliath Slingshot Galleries. But, say the promoters, "above all else, Bible Storyland will be a happy place." One of the gayer rides will take paid customers to heaven -in a gold litter drawn by a team of cherubs. From the air, the "Shrine of Faith Plaza," Ur and the caravan route will be laid...
Administration economists are dead set against trying to sell long-term bonds by gimmicks, meaning discounts, or by trying to force the Federal Reserve to support the market. They argue that this is simply funny-money financing. By supporting Treasury bonds, the Fed would, in effect, be pumping money into the economy, would lose control over the monetary system and take the U.S. down the road to real inflation. Says FRB Chairman William McChesney Martin: "The world now knows that, as the night follows the day, inflation follows any effort to keep interest rates low through money creation...
...World War II, Nevil Shute, with the rank of lieutenant commander in the British Admiralty, worked on secret weapons. In 1950, fed up with confiscatory taxes and a feeling of decline in welfare-state Britain, he moved to Australia. A series of heart attacks grounded the old flyer and curbed his boating and sports-car racing. He settled into the life of a country squire at his pig and dairy farm at Langwarrin, Victoria...