Word: lowerers
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Dates: during 1960-1969
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...allowed only 20 Polaris-type submarines carrying 16 MIRVed missiles apiece; no other nuclear weapons-ICBMs, bombers, nuclear-armed fighters or ABMs-are permitted, and hunter-killer submarines that could attack and cripple the Polaris boats are also banned. Again a balance is struck, but at a much lower level of destructive capability...
...India's manifold economic problems, Indira over the past two years has grown increasingly impatient with the old guard's conservative approach. Last month the quarrel flared into the open. Determined to trim Indira's sails, the Syndicate selected Sanjiva Reddy, 56, speaker of the lower house of Parliament and a longtime foe of the Prime Minister's, as the Congress Party's official nominee for the presidency.* Mrs. Gandhi responded by ramming through the nationalization of 14 major Indian banks. At the same time, she forced the resignation of Deputy Prime Minister and Finance...
...released from Gasbuggy is too radioactive for use." AEC spokesmen say that the Gasbuggy blast was designed mainly as an experiment to measure the resulting radiation, not necessarily to produce commercially usable natural gas. Because of new safeguards, they predict, Rulison's radiation will be much lower than Gasbuggy...
Fears of Recession. The big fear among bankers is that the Federal Reserve will misinterpret the decline in interest rates, which bankers regard as a sign that tight-money policies are succeeding in cooling the economy. If the Board instead concludes that lower rates signify that the nation's money supply should be tightened even more, the resulting squeeze on banks could have serious repercussions. Bankers are not alone in believing that, at the worst, additional tightening could provoke a recession. Raymond J. Saulnier, Eisenhower's last chairman of the Council of Economic Advisers, warned last month that...
...edge through private preoccupation, can be a minor disaster. In show business, Siam's psychiatrist suggests, the cost of success to the aspiring individual is protective deformity. "These men and women," says the doctor, "have derangements that successfully fit them for their occupations. Cure an executive and you lower his income. Their mink-lined psychosis is one of the country's sacred mental illnesses because it helps keep the status...