Word: marginals
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Dates: during 1970-1979
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...nadir came in 1958, when Pearson, newly named as leader of Canada's Liberal Party, lost an election to a Tory firebrand prairie lawyer named John Diefenbaker by the most lopsided margin in Canadian history. It was the first of four elections in a decade-long political duel between Mike and Dief. Pearson's liberals finally won more seats than Diefenbaker's conservatives in 1963, but for the next five years, Pearson's Cabinet seemed to lurch from one headline-making crisis to another. He survived each potential disaster, largely by leaving his ministers to fight...
...notably Treasury Secretary George Shultz and Herbert Stein, chairman of the Council of Economic Advisers. They would clearly like to loosen the system, perhaps by exempting more retailers, landlords and small-to medium-size companies. Most important, however, high Administration officials aim soon to relax the limits on profit-margin increases, which have infuriated many businessmen...
...Connecticut Classic at Storrs, Conn., balanced scoring helped Harvard up its four-point halftime margin over U. Conn. to a final 80-70 score. In a very physical contest, the Crimson attack got its big boost when guard Hal Smith hit three quick lay ups in the final five minutes to ice the game for Harvard...
...Tuesday, the House Democratic Caucus passed an end-the-war resolution by a two-to-one margin, and also threatened an immediate cutoff of American funding to Indochina contingent on the release of U.S. prisoners...
Upsurge. For their part, businessmen are urging the Administration to change or chuck out the profit-margin test, which disallows price increases to firms that are making a bigger rate of return on their sales than during a base period. In the present economic upsurge, quite a few big companies are hitting their profit-margin ceiling. Arthur Okun, a member of TIME'S Board of Economists and a Democrat, agrees that the test "is counterproductive as far as efficiency is concerned." Overly profitable firms can always lower their earnings through heavy spending. Some economists, notably Federal Reserve Chairman Arthur...