Word: makes
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Dates: during 1960-1969
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...only way for a control policy to get quick results now would be to begin with a freeze on all wages and prices. But Administration officials believe that the freeze would soon melt as policymakers found themselves forced to make exceptions to correct inequities...
...more than 1% in foreign-exchange trading. Under the simplest form of crawling peg, if a currency were to sell for some months at the bottom of its 1% range, then its official value would automatically move down. On the other hand, if heavy demand were to make a currency sell persistently at the top of its range, its official value would be automatically raised...
Closer to Reality. There are many varieties of crawling-peg plans. Some would adjust exchange rates annually, some quarterly, some monthly. Other versions would make adjustments optional and not automatic-that is, at the discretion of each government. All advocates agree that it is essential to make the parity changes frequent but small-perhaps 1% to 2% yearly. Sup porters believe that, under such a system, the value of a country's currency would reflect the realities of its balance of payments position and the amount of its inflation. The crawling peg would also avoid sharp devaluations and revaluations...
...outright, but there is evidence that the increasing competitiveness of business has stretched many executives to their emotional and physical limits. While the work week is declining for laborers, more and more executives are discovering that there are no longer enough hours available to study reports, attend meetings and make decisions, let alone spend time with the family. A study of Chicago businessmen by Daniel D. Howard Associates, management consultants, showed that the average chief executive puts in 53 hours at his desk every week, then carries another ten hours of work home. At the Ashland Oil & Refining...
...Desk Full of Pills. Today's top executives, explains one Ohio physician, "spent their teens in the Depression, their 20s in the worst war in history, their 30s trying to make up for lost time. And now they must stay ahead in the age of cybernetics." Because of the computer, more information is readily available than any man can digest; but many executives push relentlessly in an effort to keep abreast. To make things tougher for them, jet travel has broken down the constraints of distance. With the farthest plant or subsidiary only hours away by air, many executives...