Word: lowerers
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Dates: during 1960-1969
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...President's Asian tour seemed to be a limited success: the Nixon message, that the U.S. will keep a lower silhouette in that part of the world once the Viet Nam war is over, was received with understanding, though Nixon kept U.S. intentions inexact. So far, the Nixon Administration has done no more than make exploratory stabs at the problems of the Middle East and Latin America. But in the broad range of foreign affairs, a liberal Republican Senator argues that there are no longer any really dominant personalities on the world scene. This, he says, might increase international good...
Rebate rates from the Harvard Coop may be lower this fall than last due to rising operational costs...
...such confrontation is to be avoided in the long run, along with even deeper division between the races, for gotten America must be remembered in ways that unite rather than anger. Lower-middle-class whites need to see that their long-range interest lies not in defending the status quo but in organizing themselves to change it; the problem is how to convince white workers that social change can benefit them and not just Negroes. Blacks, too, need to recognize that their self-interest lies not in sterile separatism but in new coalitions with working-class whites. The nation...
Despite a rally last week, the Dow-Jones industrial average is 15% below the year's high of 969, which it reached in mid-May. The Standard & Poor index of lower-priced shares is down 35%, and many other stocks have lost 50% or more of their value. The plunge has hit nearly every industry. From their 1969 peaks, shipping stocks are off 46%, airlines and motion pictures 40%, aerospace 39%, sugar companies 38%. Losses are only slightly less among coal, copper, textile, oil and insurance shares. Most of the leading conglomerate corporations have dropped disastrously: Litton...
Last week the market moved like a Yoyo. For the first 21 trading sessions, the Dow-Jones fell straight down, dropping briefly below 800 to a point even lower than it was five years ago. At midweek, a long-awaited rally suddenly began. The Dow struggled up H points on Wednesday, its first gain in almost two weeks. In the week's final two days, it jumped 23 points, to close at 827. The rally at first was fired by false rumors that banks planned to reduce their 81% prime interest rate. Brokers called the rebound a sign that...