Word: lower
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Dates: during 1960-1969
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...country without much harder look at the military dimensions of the commitment. Taken to the extreme, this attitude could turn isolationism; as it is, it is probably a sign of a healthy national reevaluation. Talking about U.S. Pacific Edwin Reischauer, former Ambassador to Japan, that the U.S. adopt a "lower profile," or what the Japanese call a "low posture." None of this suggests that the U.S. should- r could- withdraw into a Fortress America. But it does suggest does suggest that after Viet Nam, the U.S. might get along with a somewhat smaller military establishment...
...could easily absorb the anticipated dividend from the end of the Viet Nam war. But to raise taxes in the interim might well impede the growth of the economy, on which the maintenance of prosperity depends, and with it the hope of improving American society. The President probably cannot lower military expenditures to the pre-Viet Nam figure of 1964 ($62.1 billion in 1969 prices), but such reductions as he can make will increase his fiscal dividend, his power to spend more on domestic needs or to lower taxes. Any substantial move in this direction would require determined leadership...
...Little Kitchen, an 18-seat restaurant on Manhattan's Lower East Side, got such good newspaper reviews that its Negro owner-cook, who calls herself "Princess Pamela," finally closed the place for three weeks last month to get a rest. In Detroit, Charlie Red, owner of a soul-food takeout business who is known locally as the "King of Wings," reports that orders from whites for his fried chicken wings in barbecue sauce have nearly quintupled in the past two months. The craze has even spread to Paris, where Leroy Haynes, an expatriate Chicagoan, serves Spanish yams and African...
American steel companies, beset by rapidly rising costs for labor, have steadily lost ground to lower-priced foreign steel. The trend was accelerated last year, when the threat of a strike prompted consumers to hedge by ordering foreign steel. The splurge was all the more alarming to domestic producers because the Europeans and Japanese made especially strong gains in the flat-rolled products that are used in such key industries as autos and appliances...
Vacation-bound Europeans can find a wider selection of resorts at Britain's Thos. Cook & Sons, fancier accommodations at Hilton hotels, or lower prices at youth hostels and campsites. The competition is intense, but even so, the Paris-based Club Mediterranee has prospered. For its 700,000 members, who pay $10 each in annual dues, Mediterranee has a unique attraction-the away-from-it-all ambiance of the 47 "vacation villages" that it maintains in 13 countries on five continents. Founded in 1950, the club has been increasing its revenues by 25% a year; in 1968 it took...