Word: goldings
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Dates: during 1960-1969
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...Thurmond, the Dixiecrat candidate for President in 1948, formally severed his ties to the Democratic Party, announced that he was joining the Republican Party and would campaign for Goldwater. When Barry arrived at Greenville, S.C., in his chartered jet, Strom was waiting at the ramp to embrace him, a gold elephant in one lapel and a Goldwater button in the other. Barry was delighted. "If a man like Thurmond can do it," he said, "I see no reason why Democrats by the tens of thousands in the South can't do the same...
...rural schools are open during the summer and so Freedom School classes have to be held in the evening. Mississippi students get their "vacation" in September, October, and November when they join their parents in the fields, working 10 hours a day, six days a week, picking the 'white gold' for $2.50 a day (standard wage for adults in Benton and Marshall counties). Another school break occurs in May and June, so that the children can help 'chop' cotton (essentially weeding with...
...significant trends in U.S. labor: the move toward higher pensions and earlier retirements. Over the years, an affluent society has given Americans higher wages, a greater life expectancy and increased education to develop their capabilities more fully. Now, more and more of them also want the pot of gold at the end of that rainbow-the opportunity to give up their working days earlier, with sufficient income to support themselves and their families, in order to pursue their own interests at leisure...
...first step at Tokyo, France's aristocratic, intellectual Finance Minister Valery Giscard d'Estaing plumped for a basic change in the system of monetary reserves that helps to bankroll world trade. He proposed that the leading industrial countries create a vague new international currency, based on gold, that would gradually replace the current reserve mix of dollars, sterling and gold. The hooker in this return to a universal gold standard is that it would greatly enhance the power of France, which has plenty of gold reserves, but weaken the U.S. and Britain, which are currently embarrassed...
Though France had lined up some weighty allies, notably the Germans and the Dutch, Dillon and Maudling appeared to win the majority of the delegates-at least for now. Many echoed the sentiment of Japan's mightiest financier, Fuji Bank President Iwasa: "The gold standard is outdated." But the cold, hard fact of monetary policy is that the long-term trend is toward less dependence on the dollar and sterling. As he tries to do with everything else, General de Gaulle is certain to press his attempt to use this economic shift to gain political dividends...