Word: majoring
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Dates: during 1960-1969
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...fact. The 3.6% rise in prices between January and July was the greatest for the period since 1951. But a special Federal Reserve Board study shows that businessmen plan little increase in spending for new factories and equipment during the rest of this year. Such outlays have been a major source of inflationary pressure, and for all of 1969 the Reserve Board expects capital spending to rise fully 12½% to $72.2 billion. Most of that increase has already occurred, and the Board forecasts a spending rise of only $55 million during the fourth quarter as against a $3.1 billion...
...prime rate on loans to businesses by major banks remains at a record 8½%, but now bankers are talking of possible future cuts rather than further increases in the rate from which all other interest rates are calibrated. Gaylord Freeman, chairman of Chicago's First National Bank, goes so far as to predict that the prime rate may drop to 7½% or even 7% by year-end. Most bankers and economists are more cautious. They warn that interest rates could yet bounce up again. So far, though, demand has been dropping more than it usually does...
...Within the past year, INA Corp., the holding company for Insurance Co. of North America, has acquired World Airways, a charter carrier, and a manufacturer of fire-preventing sprinkler systems. Travellers Corp., owner of Hartford's Travellers Life Insurance Co., is dickering to buy Randolph Computer Corp., a major computer-leasing firm. This month, CNA Financial Corp., the Chicago-based owner of a group of life-and casualty-insurance firms, completed acquisition of The Larwin Group Companies, a California housebuilding combine that took in revenues of $50 million in 1968. Larwin President Lawrence Weinberg and CNA Chairman Howard Reeder...
...bigger of the two systems, has terminals in more than 300 locations from coast to coast. It offers seats to a wide variety of entertainment, including the U.S. Open Tennis matches in Forest Hills, N.Y., the Philadelphia Folk Festival in Old Pool Farm, Pa., the home games of six major-league baseball teams and most events at Manhattan's new Madison Square Garden. According to President John Quinn Jr., T.R.S. now sells 1,000,000 tickets a month and expects to break even by late...
...start each scene with a beautiful still photo and end each scene with a beautiful still photo." Indeed, there are many images of startling beauty in Parks' film, like the dappled summer light shining through the trees on a country lane. The Learning Tree's major problem is not with pictures but with people...