Word: lows
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Dates: during 1960-1969
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...mass rallies, and are worried about possible violence, dwindling funds and the probability that frigid weather will bring disappointing turnouts. "The first time around, a march is a gig-the second time, it's a drag," observes one analyst of the movement. This month's emphasis on low-key community efforts has yielded little publicity, although planned Christmas Eve prayer vigils around the country this week might do better. The Moratorium Committee has also decided to abandon plans to increase its activities by one day each month. Asked Marge Sklencar, one of its coordinators: "What could...
...year-olds." Thompson does not, however, see a quick end to the war. "It could take three to five years before Hanoi is compelled to give up her purpose and to negotiate a real settlement," he says. Until that happens, he advises, the allies should adopt "a long-haul, low-cost strategy" that relies more on the South Vietnamese army-a prescription that fits Richard Nixon's "Vietnamization" program perfectly...
...help the poor indiscriminately." GOVERNMENT PRIVILEGES. "All over the world, the predominant source of great increases in private fortunes over the past several decades has been Government privileges." For example, the issuance of radio-TV licenses is "an enormous giveaway of valuable capital sums to individuals who are not low-income people." Friedman also holds that the Federal Communications Commission should auction TV channels to the highest bidder and thereafter stay out of the picture...
...stock market, a leading indicator that often foretells the economy's performance in months to come, shuddered through a disastrous year. The Dow-Jones industrial average dropped 19%, from a May high of 969 to a December low under 784. The conglomerates took a beating; LTV and Gulf and Western dropped more than 50% from their year's highs. Among the blue chips, strike-troubled General Electric has sunk to 79 from a historic high of 120 in 1965, California Standard to 49 from a high of 86 in 1966, Allied Chemical to 24 from 66 in 1961, Du Pont...
HOUSING. The average cost of a home reached $25,900 compared with $24,200 a year ago. In San Francisco, for example, the price of a home climbed 12% in twelve months. One survey of the Bay area disclosed that there was enough low-cost housing to provide shelter for all the area's poor-but the comparatively well-off occupants refused to move out. Taxes took an ever deeper bite. In San Francisco, for example, property taxes jumped from $102.30 per $1,000 valuation...