Word: lifts
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Dates: during 1960-1969
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...Boyars did early this year. The book was Hubert Selby Jr.'s Last Exit to Brooklyn, which had been banned in London's Soho district (TIME, Dec. 30). Under English custom, such local rulings tend to be honored throughout the country. Calder & Boyars decided that the only way to lift the ban was a full-scale trial, and the government finally agreed to prosecute. Said Publisher John Calder: "I'm sure we'll win before a jury...
...symbol of U.S. readiness to defend the dollar, the Federal Reserve Board raised its basic interest rate from 4% to 4½%, and major commercial banks seized the occasion to lift their own minimum charge for borrowing from 5?% to 6%. Watching the minimal extent of the fallout, Treasury Secretary Henry Fowler pronounced himself "very encouraged" over the dollar's performance against the resulting speculative pressure in foreign exchange markets. The biggest effect-accompanied by some temporary alarums-came in the gold market. Speculators poured buy orders into the eight-nation London gold pool. In a few hours, they...
Even this flurry had no lasting negative effect on the world's stock markets. Share prices wobbled in London and slumped in Paris only to rally again; in Zurich the rebound was strong enough to lift the market 5% by week's end. On the New York Stock Exchange, after some nervous selling in the first hours of Monday's trading, a strong surge of buying sent the Dow-Jones industrial average up 15.49 points to close at 877.60, its high for the week...
When British police last month began making curbside inspections with a "Breathalyser" that measures the alcohol imbibed by a motorist, cries of indignation rang out across the country. Last week the early results of the war on drinking drivers were in, and they were something to lift a glass to-at home. Accident rates on the road have fallen almost everywhere since B-day, in some places as much as 50%, and indications are that the official figures to be released early in December will bear out Transport Minister Barbara Castle's claim that the law will save...
Voracious Demand. With the President's tax bill stalled in Congress, Wall Street is betting on a credit crisis. Already, the mere prospect has helped to depress the stock market (see following story), lift some interest rates to 46-year peaks and cause bond prices to plummet. On top of voracious corporate demand for funds, the federal deficit has forced the Treasury to borrow $16 billion since midyear (apart from replacement of maturing issues). The Government had to pay 5¼% interest for some of that money last month, its highest rate since June, 1921. Last week...