Word: jolts
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Outrageous subjects that were once shocking sources of satanic laughter now seem hardly ticklish at all. Black Comedians today tend to be admired like TV gagmen and nightclub acrobats -less for jolt than for sheer agility...
...theory of Soviet mellowing has debilitated our entire military strategy." Many Western military leaders were openly grateful that the Soviets had shaken the politicians out of complacency before NATO was further enfeebled. As retired General Alfred M. Gruenther, a former NATO commander, put it: "The Soviet invasion was a jolt that will reunite NATO...
...cruel and haphazard tax of rising prices and spiraling interest rates." Most concerned about how the tax-and-spending package emerged are the President's economic advisers. What they originally proposed was a tax surcharge only; for them, the spending downhold that Congress insisted on came as a jolt. The combination seemed like a jet pilot applying full flaps at the same time he throttles back. What worries the Council of Economic Advisers is, first, whether the mixture will slow the economy too abruptly, and second, whether there is reserve power to be applied in mid-1969 when, projections...
Total Freeze. The French move was meant to minimize the jolt of this week's EEC action. Since its creation under the Treaty of Rome in 1957, the Common Market has gradually eliminated 85% of all internal tariffs. Now the last 15% will disappear. At the same time, the EEC will adopt common external tariffs, which will be automatically reduced by 40% in accordance with the Kennedy Round agreements. Also taking effect will be an agricultural common market with subsidized, uniform prices within the EEC and joint levies on imports from outside...
France's payments position stands to get an additional jolt on July 1, when the Common Market is due to abolish all remaining tariffs on trade between member nations. At the same time, the Market is scheduled to introduce uniform external tariffs, which will promptly be reduced in accordance with Kennedy Round agreements. This figures to hurt France, since it presently enjoys some of the highest tariff levels of any of the six Common Market members. Elimination of all tariffs within the Market, meanwhile, will completely open French borders to the goods of such powerful trading partners as West...