Word: mays
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Dates: during 1960-1969
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...appeal to the U.S. Supreme Court. Meanwhile, Rhode Island, Connecticut and Ohio have enacted similar laws to help their troubled parochial schools. Many other states are considering a move in Pennsylvania's direction. Whatever the outcome, critics argue that a victory for nonpublic schools in the Supreme Court may produce a loss in the long run. For one thing, there might be less money to go around for public schools, especially those in the ghetto. In addition, critics note, to win tax support the church schools must prove that they provide a public service and also submit to more...
That reassuring thesis may be difficult for some inflation fighters to accept, because 1969 has been such a frustrating year. Repeatedly, Administration leaders have announced that, as Nixon said on Oct. 17, "we are on the road to recovery from runaway prices." Paul McCracken's original year-end deadline for arresting the price trend faded quietly into oblivion. "We underestimated the inflationary expectations," says Under Secretary of the Treasury Charls Walker. "They were deeply ingrained. We didn't expect that it would be so tough...
...stock market, a leading indicator that often foretells the economy's performance in months to come, shuddered through a disastrous year. The Dow-Jones industrial average dropped 19%, from a May high of 969 to a December low under 784. The conglomerates took a beating; LTV and Gulf and Western dropped more than 50% from their year's highs. Among the blue chips, strike-troubled General Electric has sunk to 79 from a historic high of 120 in 1965, California Standard to 49 from a high of 86 in 1966, Allied Chemical to 24 from 66 in 1961, Du Pont...
...Francisco's Levi Strauss & Co., believes that industry's first big task is to put an end to polluting the environment. "We are debauching the country," he says. Meeting such new goals will plainly require some extraordinary changes of attitudes among both businessmen and politicians. At the extreme, business may have to renounce its allegiance to all-out economic growth in order to halt the chemical and bacterial poisoning of air, land and waters. During the 1970s, the nation may also face a chronic shortage of capital to finance its seemingly boundless appetite for roads, airports, schools and many other...
Friedman is a man totally devoted to ideas?isolating them in pure form, expressing them in uncompromising terms and following them wherever they may lead. His basic philosophy is simple and unoriginal: personal freedom is the supreme good?in economic, political and social relations. What is unusual is his consistency in applying this principle to any and all problems, regardless of whom he dismays or pleases, and even regardless of the practical difficulties of putting it into effect. He alternately delights and infuriates conservatives, New Left radicals and almost every group in the crowded middle road...