Word: ident
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Dates: during 1960-1969
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Gardner Ackley, chairman of the Pres ident's Council of Economic Advisers, told businessmen that they have no reason to raise prices, because they are earning so much already (see following story). Pointing out that profits after taxes jumped 88% between early 1961 and late 1965, he said: "It is time to ask whether a further rise in the share of profits in the national income is in the interest either of the health of the nation's economy or in the interest of business itself." Treasury Secretary Henry Fowler declared that the economic outlook is so uncertain...
...Revolution. I will not retreat one step or even one milli meter!" There he was indeed, full of bombast and braggadocio, munching cake and sipping orangeade - and apparently back on top of the heap. After five months of submission to his anti-Communist generals, Indonesia's Pres ident last week demonstrated the rea sons behind his reputation as Southeast Asia's most durable politician...
Challenging this notion is small (1,050 students), Quaker-founded Earlham College in Richmond, Ind. Its pres ident, Landrum Boiling, observes that "our justification for existence and for charging the relatively high fees we do must be that we do a superb job of teaching." Toward that end, Earlham got a $20,000 grant from the Danforth Foundation of St. Louis, under which Earlham teachers can invite experts in their fields to sit in their classrooms, observe their techniques and assess their abilities...
...Balance of Power: The Pres ident believes that Communist mo mentum, which picked up after Sputnik 1, has slackened. The balance of power is with the free world, but there remain many problems. The rich nations get richer and the poor nations get poorer, and Kennedy finds incomprehensible the attacks on U.S. foreign aid programs aimed at helping underdeveloped nations...
...proletariat," he once said. As an opportunistic Vice President under Jânio Quadros, he toured Red China, heaping praise on Mao Tse-tung's regime as "an example that shows how people can emancipate themselves from the yoke of their exploiters." Last week Goulart, now Pres ident of Latin America's biggest and most important nation, arrived in Washington for a seven-day visit to the U.S. A 21 -gun salute greeted him as he stepped from his 707 jet, and at the end of the red carpet stood President Kennedy. Said Kennedy: "We look...