Word: manhattans
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Dates: during 1960-1969
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...daughters like that could not be all bad." David and Julie Eisenhower are still moving wholesomely in the background. But startlingly, Tricia, who once seemed shy and reticent, has emerged as a luminous blonde who turns up playing hostess at a White House Halloween party or holding hands at Manhattan's "21" with Eddie Cox, a young Eastern liberal lawyer who used to work for Ralph Nader's Raiders...
...annual rate of 4.8% in October, compared with a 6% rate in September, but a one-month variation of that size is not enough to signal any turn. Economists find it at best a mildly encouraging sign that the rate of price increases is leveling off. Four prominent Manhattan clothing manufacturers joined last week in a startling call for federal wage-price controls. Said Lawrence S. Phillips, president of shirt-making Phillips-Van Heusen: "Unfortunately, all other efforts to halt inflation have failed. Unless some action is taken immediately, a monetary and social situation rivaling that of Depression days...
Fictional Rate. That pressure last week brought a further rise in interest rates from their already towering levels. High-grade utility bonds were offered in Wall Street at a record 8.9% yield. William F. Butler, vice-president of the Chase Manhattan Bank, says that banks are refraining from raising their 81% prime rate on business loans only because they fear "the wrath of Congress." The prime rate is an increasingly unreliable guide to borrowing costs anyway. Growing numbers of borrowers pay as much as 10.6% interest on loans officially made at the prime rate, because banks are strictly enforcing...
...community worker in East Harlem. "On [welfare] check day, the first and 16th of each month, food prices are up. If 5 Ibs. of sugar was 59? the day before, it's sure to be 79? on check day." Samuel Meyer, 86, a wheelchair-bound resident of Manhattan's Lower East Side slums, finds food prices up so sharply that he can no longer make his $70-a-month welfare benefits pay for a nightly soup of chicken wings and vegetables. He now makes his soup from vegetables only...
Much of Nixon's tough new trade policy bears the imprint of Commerce Secretary Maurice Stans, who calls it the first "fullscale attack" against "covert forms of protectionism which discriminate against American exports." In a talk last week to the National Foreign Trade Convention in Manhattan, Stans also promised U.S. exporters additional measures of practical aid. One would add some $750 million to the Export-Import Bank's funds. Exporters can now borrow only limited amounts at the bank's 6% interest rate, and must finance the rest of their sales with private loans...