Word: latelies
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Dates: during 1960-1969
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Chicago Snarls. The Post Office now handles some 80 billion pieces of mail annually, as much as all other countries combined. The increase in the past year alone was 6% - twice the anticipated rise. As a result, in late September and early October the Post Office suffered some snarls and snafus - particularly in Chicago, the nation's busiest relay point. Even after that crisis abated, one large direct-mail company reported a ten-day delay in sending third-class mail from Manhattan to Brooklyn...
...English, Robert Paul Smith offers these samples: "He shows a real ability in plastic conception." That means he can make a snake out of clay. "He's rather slow in group integration and reacts negatively to aggressive stimulus." He cries easily. And "He does seem to have developed late in large-muscle control." He falls on his head frequently...
...green lawn between the walls funneling in ward to a massive 32-ft. cube of highly polished granite. The granite cube will be lifted so that it seems to hover above the ground, and will bear a halftone visage of F.D.R. sandblasted into the stone. The voice of the late President will also be heard, softly broadcast through hidden loudspeakers...
...trouble began late in 1965. Demand started to gallop far ahead of the nation's supply of skilled labor and its capacity to produce, setting the stage for a classic "demand-pull" inflation. Economists say that inflation occurs when prices rise 2% a year or more, which often happens when times are good, money is easy, and too many dollars chase too few goods. At such times, manufacturers borrow heavily to increase production and work forces, and output jumps unnaturally high. Prices climb ever upward. Unless the Government acts quickly and wisely to restore stability, a day of reckoning...
...Federal Reserve decried the inflationary danger long before the Administration and most businessmen did, and Bill Martin, who values his independence more than his popularity, bravely took steps that the President openly criticized. At Martin's urging late in 1965, the Fed sought to defuse demand by raising the discount rate from 4% to 4½%. The discount rate is, in effect, the interest that the Fed charges to its member banks for borrowing from the Federal Reserve System. Because it is the rate upon which all U.S. interest rates are based, the Fed's hike effectively raised...