Word: flow
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Dates: during 1960-1969
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...range proposals to spur recovery and aid the recession's hardest-hit victims, Kennedy also unfurled some long-span programs that cheered businessmen. He urged cheaper long-term loans to spur capital investment; at the same time he hoped to firm short-term interest rates to stem the flow of gold to countries where rates are more attractive. The two goals are "contradictory," Kennedy admitted, and achieving them would require all the wizardry of Republican Treasury Secretary Douglas Dillon and Democratic Federal Reserve Chairman William McChesney Martin Jr. Kennedy went on to speak of a long-overdue tax reform...
...tirades from thwarted Congressmen and Presidents, because a powerful Rules Committee is necessary to the functioning of Congress. With its 437 members,* each armed with his own mandate from voters back home, the House is too unwieldy a body to get its work done without strict control over the flow of legislation. In the 86th Congress, the members introduced a total of 15,506 bills and resolutions, and the Senate passed an additional 957 measures that the House had to act on before they could become law. Under the "general rules" of the House, each member has a right...
Some Tahitians, however, are ready to mutiny against Bounty. Compounded of residual anti-Americanism in the French-held islands and simple jealousy on the part of those not in on the gold flow, the anti-Hollywood sentiment came leaping from the pavement one morning in neatly painted signs: M-G-M GO HOME. It was the work of a resident artist who had been turned down for a job with the M-G-M crew. When a good part of the M-G-M company recently left Tahiti for a temporary breather in Los Angeles, La Tribune Tahitienne exulted...
...supply and drive down prices (with tacit U.S. approval) and a belief among Europeans that the U.S. recession may not be long or hard, will not call for a drastic easing of credit or a sizable drop in interest rates. In 1960's fourth quarter, the stepped-up flow abroad of short-term capital in search of higher interest rates helped run 1960's balance-of -payments deficit up to $3.8 billion v. the $3.2 billion predicted...
Worried about the inflow of foreign electronic parts, the big International Union of Electrical, Radio & Machine Workers called upon Congress and the President not only to curb imports but also to limit the flow of U.S. capital into manufacturing overseas. Fortnight ago the Chicago Brotherhood of Electrical Workers went even farther. It notified its 137 employers that after May 1 its 23,000 members would refuse to handle any electronic parts imported from Japan. The Pottery Workers, the Boilermakers and the Carpenters unions are currently weighing anti-import actions...