Word: interesting
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Dates: during 1960-1969
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...perfect candidate," wrote Harvard Professors Edward Banfield and James Wilson, "is of Jewish, Polish, Italian or Irish extraction and has the speech, dress, manners and the public virtues-honesty, impartiality and devotion for public interest-of the upper-class Anglo-Saxon...
Sitting Tight. By the very vagueness of the proposals, which left loopholes for negotiation, the Russian initiative aroused interest-and conflicting evaluations-among officials of the outgoing Johnson Administration. They are drafting a reply to the Soviet note for Lyndon Johnson, asking for clarification and suggesting further exchanges. So far, the U.S. envisages any big-power agreement not as a deal to be "imposed" but merely as a set of proposals that U.N. Special Representative Gunnar Jarring could present to Arabs and Israelis. He resumes his go-between role this month after five weeks at his regular post as Sweden...
After a disappointing 1967-68 season, the staff of the Public Broadcasting Laboratory was naturally let down. Then last month PBL, the Ford Foundation's $12.5 million experiment in public-interest television, began its second year on an encouragingly upbeat note (TIME, Dec. 6). Birth and Death, PBL's cinéma vérité documentary on natural childbirth and death by cancer, won critical acclaim, and the staff was jubilant. Said Executive Director Av (Avram) Westin: "This year we go for broke...
...response to Washington's battle against inflation, the cost of borrowing from U.S. banks last week climbed to a historic high. For the third time in six weeks, major banks raised their prime rate, the interest that they charge their best corporate customers for loans. The latest increase, from 6¾% to 7%, is in tended to help curb the nation's overexuberant economy by making credit so costly that businessmen will borrow and spend less. Because they operate in directly, such restraints at best take effect only after a time lag of weeks or months. The immediate...
Costlier for Consumers. The rising cost of credit is beginning to affect consumers as well as businessmen. In California, the giant Bank of America and several savings and loan associations lifted their minimum interest rate on home mortgages from 7¼% to 7½%. At week's end Manhattan's First National City Bank increased by one-fourth of 1% its charges for auto, consumer and home-improvement loans. The true annual interest rates on some personal loans rose to more than...