Word: leveler
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Dates: during 1950-1959
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...nothing world crisis. "The fact that the Kremlin may stand to lose from a limited nuclear war does not mean that it could profit from all-out war," says Kissinger. "On the contrary, if our retaliatory force is kept at a proper level and our diplomacy shows ways out of a military impasse short of unconditional surrender, we should always be able to make all-out war seem an unattractive course...
Along with the offer to surrender these functions went a healthy quid pro quo: to finance them at the state level, the U.S. was prepared to relinquish to the states roughly a half share of federal inheritance and gift taxes ($1.3 billion this year), and about $542 million in excise taxes collected on such items as telephone calls and theater tickets...
...contemporary Air Force Gothic. Rising tall and bright in its sheath of man-made aluminum against the surrounding peaks of the Rockies, the chapel stands in solitary splendor, its 19 spires soaring in contrast above the flat-roofed buildings spread out on the campus. It is built on two levels, has three naves. On the lower level rear is the Jewish section, seating 100; at the front the Catholic section, seating 500; on top the 900-seat Protestant section...
Other Government agencies moved last week to raise other interest rates to the market level. The Federal National Mortgage Association offered a $165 million issue of secondary market debentures at 4⅜%, its highest rate ever. The Federal Housing Administration, aiming to attract money for homebuilding, increased maximum interest rates on FHA-backed mortgages from 5% to 5¼%. And to woo more buyers from middle-and even low -income groups, it slashed down-payment requirements from 5% on the first $9,000 to 3% on the first $10,000 of a mortgage...
Benson wants Congress to get rid of rigid, mandatory price supports altogether, grant the Agriculture Secretary authority to set support under any farm commodity at whatever level he deems suitable, from 100% down. If Benson gets his way, the Government will no longer use supports to try to make farming profitable even for an inefficient farmer on an obsolete small farm. Supports would serve only to prevent drastic price falls from one year to the next. In coping with a commodity in oversupply, e.g., wheat, Benson would lower the support price bit by bit. Gradually, farmers would shift wheat fields...