Word: grouped
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Dates: during 1960-1969
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...genuity, transforming it into machines and factories, roads, rail lines, bridges, telegraph nets and power plants. Capital begets capital because it leads to production. That creates jobs and income, which in turn produce more capital and more demand for it. The Atlantic Council of the U.S.-a group of U.S. Government and business leaders-estimates that, in the ten-year span ending in 1976, North America and Western Europe will need $1 trillion to expand pro duction. They will also need the funds to open new and costly programs to assault pollution and slums, exploit the resources of the oceans...
...Europe is an underdeveloped area. The Continent lacks many of the broad-based financial institutions that, in the U.S., have transformed "people's capitalism" from a flag-waving slogan into a reality that works. The bourses exist in an aroma of gossip, cater primarily to a thin group of the elite. In France, most brokers do not even advertise-and the first one who does so aggressively may get on to quite a good thing. Still fearful of invasion and deflation, peasants tend to distrust securities, put their money in the mattress and their faith in gold, which they...
...late 20s and early 30s. "The YIP is a party-like the last word says-not a political movement," argues the East Village's Abbie Hoffman, who last fall tried to levitate the Pentagon (TIME Oct. 27, 1967). Says Yippie Leader Ed Sanders, 28, of the Fugs rock group: "It's the politics of ecstasy...
...increase in the official price of gold. A long silence ensued. Finally, German Economics Minister Karl Schiller registered his disagreement. Italy's Emilio Colombo sided with the Germans. The U.S.'s Fowler suggested that the real business of the meeting was the SDRs and asked that the group move briskly along in that area...
Backed initially by a group of Minneapolis investors, in less than a decade Riklis spun together a retailing empire under the Rapid-American Corp., which controlled McCrory Corp. whose 1,500 stores (McCrory-McLellan-Green, National Shirt, Lerner) racked up $554 million in sales in 1962. By then he was vastly overextended. When grandly predicted earnings failed to materialize, McCrory's stock tumbled and Riklis' entire colossus seemed headed for collapse. "God," wailed Riklis at one point, "has added to our agonies...