Word: maye
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Dates: during 1960-1969
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...money. Presidential Counselor Arthur F. Burns, who is scheduled to become Federal Reserve chairman in January, said last month that "we will not budge." Simultaneously, however, Labor Secretary George Shultz began arguing for an immediate but moderate expansion of money and credit. Though he lost the argument, he soon may gain an important ally. Paul McCracken, chairman of the President's Council of Economic Advisers, believes that the severely restrictive policy has been correct so far, but now he is beginning to wonder whether the time has come to advocate some loosening. He admits that the present monetary...
...there will be a guessing game for months." Bankers, businessmen and economists will have to try to figure out whether or not movements in interest rates and bank reserves indicate that the Federal Reserve has actually altered policy. The Administration's policymakers recognize the danger that any shift may be too slow and too gradual to head off a recession, but they seem prepared to take the risk in order to break inflationary psychology. They feel that they are practicing a form of brinkmanship...
...Chester C. Langway Jr. of the U.S. Army's Cold Regions Research and Engineering Lab at Hanover, N.H., and his three Danish collaborators have been deluged with requests for ice specimens. The interest of other scientists is understandable. The ice now being preserved in deep freezes at Hanover may contain a wide assortment of nature's rare relics, ranging from evidence of past cosmic-ray bombardment to bubbles of ancient trapped air that will tell much about the composition of the earth's atmosphere thousands of years...
...also whether to fly toward or away from the North Star. The most likely agent, he thinks, is a hormone or combination of hormones, secreted in response to varying amounts of daylight as the seasons change. If Emlen can identify these hormones and discover how they work, he may help explain how similar biological clocks work in other animals, including...
...hands instead of poles. Gene Hackman has just the right combination of brio and go-go-go as the coach, and Robert Redford's performance as the skier rings true down to the last schuss. Downhill Racer is a modest effort but a good one. It may be the first film in history that starts at the top, goes steadily downhill, and still stays interesting along...