Word: lower
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Dates: during 1960-1969
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Such pranks are by now Oldenburg's trademock. Stockholm-born and Yale-educated, he set up shop in lower Manhattan in 1961, in a store stocked with his own enameled-plaster foodstuffs and clothing, and became one of the progenitors of pop. That humorists such as Kaplan and Pistoletto can find galleries in Manhattan nowadays is largely because Oldenburg's monster hamburgers and soft vinyl Dormeyer mixers made comic contemporary art acceptable, indeed sometimes all but inescapable. "Jokes," says Oldenburg, with all the Nordic intensity of a Bergman, "are one way to reach people. Perhaps humor...
Today, as Bill Martin would be the first to say, the 1,400-member exchange is much more honest. And its problems are more sophisticated. One is the battle between big brokerage houses, which want lower fees, and smaller outfits, which want to raise them. Another problem is that, with 10 million-share days common, the tickers are obsolete and transactions take unnecessarily long. The biggest problem of all for the board of governors, and for Robert W. Haack, who this fall succeeds Keith Funston as president, is whether floor trading can be handled more efficiently by machine than...
History's most ambitious effort to lower the barriers to international trade finally succeeded last week in Geneva. After four years of bargaining, a month of frenzied horse trading, and some last-minute flirtations with failure, Kennedy Round negotiators from some 50 non-Communist countries agreed to cut their tariffs by an average...
...those reductions phase in, probably starting the first of next year, U.S. consumers may enjoy slightly lower prices on imports. If history repeats, however, inflation will erase, or middlemen will pocket, much of the savings. In any case, even on a $5,000 Italian sports car, which now carries a $325 duty in the U.S., the anticipated 1968 reduction to importers would amount to only $32.50. The full tariff cut of $162.50 will become effective only after five years...
...haggling through coded cables and scrambler telephone calls, personally ordered the U.S. stand on each sensitive deal. The main thrust of those decisions-forwarded to Geneva through the White House Kennedy Round liaison staff with the secret code name "the potatoes group"-was to swap U.S. industrial concessions for lower European barriers to U.S. farm exports...