Word: foreing
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Dates: during 1960-1969
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...governors rroneously concluded that the surcharge might jolt the economy into recession. The board then expanded the money supply at an annual rate of 11%, which meant that there was more money around than the increased output of goods warranted. Naturally, prices went up faster than be fore. So far this year, the board has not increased the money supply at all, but its mistake of 1968 set back the campaign against inflation by about six months. With 20/20 hindsight, Arthur Okun, who was President Johnson's chief economist, concedes that "it has just been too easy to raise...
...pages of out-of-focus winter track pictures. Nothing at all on the nation's best squash team and only a short paragraph on the Olympic crew.Whoever wrote cutlines for the four pages of hockey pictures couldn't spell Ron Mark's name and probably couldn't tell a fore-check from a slap shot...
...tobacco industry is suffering. In 1968, cigarette sales declined for the third straight year. The decrease, from 572.6 billion cigarettes in 1967 to 571.7 billion last year, seems minuscule. But it is disturbing to an industry that had been able to count on steady growth be fore the 1964 Surgeon General's report linked smoking to cancer. In 1968, per capita consumption of cigarettes among American adults dropped from 210 packs to 205. Overall industry profits remain high, but only because the tobacco men have been able to step up exports and sales of non-tobacco items...
...nail witnesses' lips together so that they could not testify. That advice was not lost on the formidable Percy Foreman when he set out to defend the assassin of Mar tin Luther King Jr. Foreman's way of doing that - to avoid having to argue be fore a jury against the damaging ev idence marshaled against James Earl Ray - was to make a deal with Prosecutor Phil M. Canale Jr. for a negotiated guilty plea. The result turned Ray's trial in Memphis into a formality that left unanswered questions of whether a conspiracy existed to murder...
...court, Ray appeared to accept Fore man's advice, but he did not take long to change his mind. "He told me he was sorry he had pleaded guilty," Shelby County Sheriff William N. Morris Jr. said last week. Morris had spoken to Ray on the morning after he was sen tenced to a 99-year term in the state penitentiary in Nashville. Ray told...