Word: hugely
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Dates: during 1960-1969
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...coming?" they will be a small, silent (or at least ignored) minority. As Christmas threatens from Tokyo to Toledo, Messiahs are busting out again all over the world. The work is being staged, illustrated with color slides, tinkled through by tiny orchestras, blasted over by huge ones, shouted by great singers and squeaked by small ones. In New York and San Francisco, people are paying to sight-read the choruses at "Messiah sing-ins," and at the White House, President Nixon heard a 30-minute sample. One way or another, Handel's Messiah these days is as omnipresent...
...Kennedy Round of tariff cuts stimulates huge growth in world trade...
Mount Storm's air is being fouled by emissions from the smokestacks of two huge coal-burning power plants owned by Virginia Electric and Power Co. Since the plants were fired up in 1966, harvests of Mount Storm's tree farmers have tumbled by as much as 90%. Steyer had hoped to sell 20,000 trees this year. Instead, customers have been driving away in empty trucks, unwilling to take the stunted and mis-shapen trees. "I think I'm out of business," Steyer says sadly. Dr. Franklin Custer, the other principal tree grower near Mount Storm...
...Federal Reserve tinkers constantly with the money stock, much to the distaste of Friedman, who advocates a policy of moderate, steady expansion. For example, the board expands the supply during periods of peak demand, as it did to an extreme degree to help the Treasury finance its huge deficit in fiscal 1968. Through the same kind of maneuvering, the board tries to smooth the ups and downs of the business cycle. Friedman
...ideas: FOOD STAMPS. "There is nothing you can do with stamps that you cannot do better by giving people money. The real drive behind food stamps is not to help the poor; it's to dispose of farm surpluses." Friedman calls the farm-subsidy program, which piles up huge surpluses in grain elevators, "a free-lunch program for mice and rats." PUBLIC HOUSING. "It was instituted in the 1930s to improve the housing of the poor, give the poor a sense of pride, and reduce juvenile delinquency. The effect, in each case, has been exactly the opposite. Public housing...