Word: less
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Dates: during 1960-1969
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What Is High? Simultaneously, inflation makes bonds or mortgages unattractive investments. If prices kept on rising during the 20 to 40 years that investors often must wait for full repayment of principal, investors eventually would get back dollars worth much less than those they originally lent. Meanwhile, interest rates would keep on climbing-to levels that might make even today's yields look piddling because lenders would demand even higher returns to keep ahead of prices. (Some mortgage lenders now grumble that they are "stuck" with loans made years ago at interest that seemed high then...
...quarter, according to the National Industrial Conference Board, capital budgets of the nation's 1,000 largest manufacturers went up at an annual rate of 3.7%. That was not as big a rise as the 13% increase in the second quarter, but a rise nonetheless. Before businessmen bet less, the Administration will have to show them more convincing evidence that they are going to lose the game...
Sweden has not had a major strike since 1945. Norway has had no strikes at all since 1965. Denmark has a less enviable record, but in terms of work days lost by strikes, it is almost 50 times better than...
Other companies have used the single-policy idea and door-to-door peddling. They have even copied Penn Life's presentation-and have done less well. The company's personnel policy is more difficult to duplicate. As Beyer says: "From the minute we hire a man, he is in our house for the rest of his life-he, his wife, his children, his dreams become our responsibility. There is no firing in this company. A man has to be a thief to be fired...
...terza rima rhyme scheme. As in many translations of classics, there are disquieting changes in well-known lines. Gary's familiar 1814 "All hope abandon, ye who enter here," for instance, becomes "Bid hope farewell, all ye who enter here." It may be more reflective, but it is less ominous and powerful. Leonard Baskin's murky, impressionistic black-and-white line drawings and washes fail to evoke Dante's sulphurous and radiant visions. They will have a hard time displacing the memory of Gustave Doré's illustrations...