Word: leveller
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Dates: during 1960-1969
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...RECONCILING oneself to a certain low level of comfort one is freed from the urge to participate in the system. The only thing that keeps a person grinding away at an unfulfilling 9-to-5 job, dressed neatly in suit and tie, hair cut short to acceptable levels, is the lure of personal advancement with its accompanying psychic and material benefits...
...Administration's three-month-old income tax surcharge, higher state and local taxes and another increase in Social Security payments will really begin to hurt family pocketbooks. The result may well be a cut in consumer spending and a gradual easing of consumer price increases to a manageable level of 3% to 3.5% a year...
...York Stock Exchange or sedate European markets, the Tokyo exchange looks like a speculator's paradise. Volume is enormous (it hit a high of 574 million shares last week). Stocks are quoted at what seem to be rock-bottom prices; most shares are below the $1 level. The highest-priced stock, Sony, is selling at about $3.60 a share. But the opportunities are not as splendid as they may seem-mostly because of the tendency of Japanese corporations to dilute the value of their stock by issuing huge quantities of shares. The 1,245 companies listed on the Tokyo...
...since March 17, when the bankers stopped the speculative run on gold by creating today's two-price system. Under that arrangement, the historic $35-per-oz. price continues for official transactions among nations; for speculators, hoarders and industrial users, the price was freed to find its own level in the marketplace. To make the system work, the central banks agreed to buy no newly mined metal. They also agreed to sell no gold whatever to any country that might then succumb to the profitable temptation to unload official gold reserves in the free market, where the price...
...continued, "the hardcore national interest--survival of the nation in a cruel world through the maintenance of adequate deterrent strength--will be seriously jeopardized." Pell said that he hoped "that the ROTC concept will be fostered and enhanced on our college campuses rather than derogated and reduced to the level of an extracurricular college game...