Word: levels
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Dates: during 1960-1969
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...land, labor, materials and mortgage financing. What we can prouce is housing for for low and moderate income families. The only way we have to do that, at present, is to build housing whose cost to those who live in it can be reduced with public money to a level consistent with their ability to pay. That solution, obviously, cannot be implemented by any city alone. Public money in adequate amounts to reduce the cost of land and operating expenses simply is not in our hands at the municipal level of government. It can--and must--be put into...
...each other's religious, historic and sentimental symbols. Arabs destroyed or damaged 80 places of Jewish worship when they controlled Jerusalem, turning two synagogues into public lavatories. Last week the Israelis in turn gave their enemies cause for offense, though on a lesser and more personal level. They demolished the childhood home of Yasser Arafat (TIME cover, Dec. 13), leader of Al-Fatah, the largest group of Arab fedayeen commandos...
...some retrenchment in plans to spend on new plant and machinery. Between the last quarter of 1968 and the first quarter of this year, planned spending dipped by 2½ % and in some industries by as much as 10%. Gainsbrugh believes that the long boom in capital spending will level off through the year, as businessmen face up to a squeeze on profits and repeal of the 7% investment tax credit, and that by early 1970 such outlays may begin to contract. There is a rather general belief that the economy as a whole may slow down more quickly. President...
Both men were obviously waving red flags at Congress, which in economic matters often has a low level of sophistication and which has been delaying consideration of the tax extension. The main trouble lies in the House, where many Democrats demand broad-scale and much-needed tax reform as their price for supporting the surcharge. Hoping to avoid a rapidly developing impasse, President Nixon called House leaders of both parties to the White House. Over coffee, they agreed to make the extension bill more attractive by adding a Nixon proposal to drop 2,000,000 poverty-level families from...
...investors highly nervous about the future. On the New York Stock Exchange, the Dow Jones industrial average fell four days out of five last week. Altogether, it declined 30 points, to 895. In four weeks, the average has fallen 72 points, or 7%, and is now at its lowest level since last August. All the signals from Wall Street and Washington say that more strain, sacrifice and hard decisions lie ahead for the economy...