Word: localize
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Dates: during 1960-1969
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...still remain on the active rolls in exchange for letting their officers pocket their pay. Graft runs right up the command line in many units. The going price for a province chief's chair can be $25,000, an investment quickly earned back via shakedowns of the local population and kickbacks on licenses and shipments of goods...
...offer to become police chief of Boston. "I didn't want to get involved," he declares, CBS news announces that Boston is missing. The White House says that Southeast Asia will be the 50th, not the 51st state, since Louisiana is being toweed out to sea and sunk. Local commentors blame Garrison's "sewer-side tendencies...
...letter from Lieut. Gen. Lewis B. Hershey Jr., director of the Selective Service System, to local draft boards had recommended that college students who interfered with military recruiting personnel on campus be made subject to immediate induction...
...pride of the Basel Museum of Art in Switzerland has long been two fine Picassos, Two Brothers (1905) and Seated Harlequin (1923). They had been on loan from the local Staechelin Foundation for 20 years. The museum more or less assumed that they were there to stay-together with a dozen impressionists and postimpressionists that, in the eyes of some collectors, are even more valuable. Unfortunately, last spring a plane belonging to a charter airline controlled by Peter Staechelin crashed, claiming 126 lives. As a result of lawsuits, the airline went bankrupt. To raise funds, Peter Staechelin persuaded the foundation...
...economic dip trivial. For a few months, interest rates fell, but as the mini-recession melted away, voracious business demand for loans reversed that trend. Corporations borrowed $16 billion through bonds and other debt securities in 1967, almost half again as much as a year earlier. State and local borrowing also rose sharply. In the second half of the year, increased federal spending sent the Government heavily into the market as well, forcing the Federal Reserve to stoke the money supply by 7% and bank credit by an even more inflationary 12% to make sure that the U.S. Treasury could...