Word: feds
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Dates: during 1960-1969
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...used for target practice-the guards tried to see how close they could come to hitting me." Finally, three weeks after his crash, Dengler was led into a bamboo stockade somewhere near the trail and locked up in crude, wooden "footcuffs" with six other U.S. flyers. The prisoners were fed a handful of rice twice a week, supplemented their diet with snakes and anything else that crawled through their hut. "Once," Dengler recalled, "we caught a snake that had swallowed two rats. We cut it open and ate the rats. Then we ate the snake...
When in Rome. By the time he was 25, Bing had become assistant to the Darmstadt Opera's famed Actor-Director Carl Ebert. Germany in those days, however, was rocking wildly. Bing, whose family for generations had been Roman Catholics (although one great-grandmother was Jewish), quickly got fed up with the Nazis and in 1933 left the country. With Ebert, he landed in England on a rolling Sussex Downs estate, and there the two founded the Glyndebourne Festival, the home of some of the finest Mozart performances heard anywhere. When World War II interrupted that idyl, Bing took...
...Economist Paul Samuelson, one of John F. Kennedy's chief counselors: "Since we're not using a tax fiscal policy to keep down inflation, the Federal Reserve will have to make more moves-higher interest rates and less credit." Across the U.S., businessmen were predicting that the Fed would soon reraise the discount rate...
...countless emergencies, the pay telephone is the one way to reach help. But the pay phone is mute and deaf until it has been fed its dime. To clear the line, Southern New England Telephone Co. is converting its pay telephones in Hartford so that the caller can get the operator without a coin...
This was not as paradoxical as it seemed. What it really added up to was uncertainty about U.S. Government policy. Uncertainty is anathema to investors, and they have felt a lot of it in 1966. The U.S. economy as a whole is still roaring ahead, but inflation fed by war and high Government spending is a constant threat, and there are nagging doubts about what, if anything, Washington intends to do about...