Word: loosen
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...months of this year, production was up about 5.5%. In March, crude-steel output hit an alltime high of 3.6 million tons. Domestic auto sales have been slower to recover, but carmakers predict an increase of 12% this year. Even the staid Deutsche Bank has been inviting Germans to loosen their purse strings. "You can go out and buy those things you put off last year," the bank said last week in a newspaper advertisement. "Perhaps a new car, in order to enjoy the nice season and the economic bloom...
...musical style that was hijacked, he says, from Ray Charles. The Beatles, argues Cleaver, constitute a "soul by proxy"; they are the middlemen between the white mind and the Negro body. In oversimplified terms, this suggests that the more the white man learns to shake his body and loosen up, the more he will penetrate and come to understand the Negro psyche. An interesting thought-but will it cool the summer...
...mausoleum for a pet monkey named McCarthy. Similar distortions of value took place in more important aspects of public life. Diplomacy, once the French national art, so deteriorated that it came to fit the job description given by Beaumarchais, author of The Marriage of Figaro: "Spread spies, pension traitors, loosen seals, intercept letters...
...When President Johnson-whose every major pronouncement causes the market to react, and often to overreact-called for a surtax early in 1967, he helped the market to spurt. Professionals figured that if taxes rose as an anti-inflationary measure, the Federal Reserve's Chairman Martin could loosen up a bit on money and interest rates. But the market went down whenever opposition to the surtax was voiced by Congressman Wilbur Mills, the House Ways and Means Committee chairman, whose power over economic legislation gives him an influence over the market that ranks just behind that of Johnson...
...longer term, the U.S. is leading a drive to create a new monetary system that will, in time, loosen the world's umbilical ties to gold. From the American viewpoint, the current system unfairly penalizes the U.S. because it has run up deficits doing things that benefit the world, such as spending for foreign aid and tourism, lending and investing in capital-short areas. Thus, any new system has to provide a liberal and flexible credit window for tiding over countries with justifiable deficits. Most important, the system has to be one that eases the world shortage of monetary...