Word: lower
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Dates: during 1960-1969
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...thus saving him from "blowing up my own importance." Evoking contempt for Mayakovsky, Pasternak says that his work "was introduced by force, like potatoes under Catherine the Great." The liberal monthly Molodaya Gvardia recently attacked an even more sacrosanct Soviet idol, Maxim Gorky. It dismissed the author of The Lower Depths as nothing more than "a fairly good documentary journalist...
...earlier drop from 6% to 51% in the prime rate-the interest rate that commercial banks charge blue-chip customers. The Board's decision was less a tribute to Lyndon than an acknowledgment of sorts to Chase Manhattan Bank President David Rockefeller, the first banker to lower the prime rate, and the man who held fast to his decision despite opposition from competitors...
...have invested $4.6 billion in municipal and Government bonds, keeping most of their money in short-term securities that can be quickly liquidated if cash is needed. With so much money around, and the discount rate reduced, some businessmen say that they expect the prime rate to drop still lower. Few bankers agree. They expect loan demand to increase by midyear with a revitalized economy. They are confident that when that happens, their customers will come to them, eager to borrow at the present ½% rate...
...marina at the fledgling Arizona town of Lake Havasu City. Foster's spirit is typical of the 2,500 settlers in three-year-old Havasu, an "instant city" built by the California-based McCulloch Oil Corp. along part of the 45-mile lake behind Parker Dam on the lower Colorado River...
...Negro riots, and "lawlessness" and "immorality" at Berkeley. They resented Brown because their property taxes had doubled; they suspected the governor of handing out their money to every "no-good" in the state. Voters like these probably voted Democratic in other years, because many are union members from the lower middle class. But for the first time last November, the Southern beach areas of Los Angeles County, where the aerospace plants are located and the workers live, went Republican, as did huge San Bernardino Country to the east, where space plants and military bases have been relocated...