Word: feds
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Dates: during 1960-1969
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...resiliency and cleverness of the North Vietnamese as they thwart our attempts to prevent their takeover of the South. A natural sympathy for a beleaguered people becomes perverse when so distorted, and especially so when the actually beleaguered happen to live south of the DMZ. Mr. Collingwood was fed dog out of the admiration of his hosts-perhaps because he is willing for the U.S. to eat crow...
...surplus of American exports over imports has melted to "virtually no surplus at all." According to insiders who have seen preliminary estimates, the first-quarter trade figures due to be announced this week are so discouraging that they might even have started another run on the dollar had the Fed not acted when...
...maximum interest that commercial banks are permitted to pay on large time deposits-money left with a bank for a specified period. The new ceiling applies to "certificates of deposit" of $100,000 or more with maturities of six months or longer. By this action, the Fed hopes to prevent sharp deposit losses, which would further disrupt the already nervous financial markets...
...Fed also hopes that its move will cool an economy in which, as C.E.A. Chairman Okun aptly put it, "too much good news is bad news." His largest worry: the record $16 billion surge in consumer spending during the first three months of the year. Personal income spurted by the same amount to another record, reaching an annual rate of $659 billion. Though the total economy expanded by $20 billion, 40% of that record growth was mere inflation. If that continues, along with balance of payments and budget deficits, the Federal Reserve may well feel forced to cinch...
Unfortunately, all this expert attention was about as helpful as pouring a magnum of champagne into a thimble, because most of the hi-fi sound that Cole created for next week's Andy Williams special will be wasted when it is fed through the nation's strictly lo-fi TV sets. The unhappy fact is that, to keep prices competitive, most TV units are equipped with 4-in., $1.50 speakers, which have all the fidelity of a string stretched between two tin cans. Nonetheless, as Cole forever demonstrates in the specials he engineers for such headliners as Williams...