Word: midyears
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...spasm that routinely greets the arrival of military recruiters on college campuses, protesters occupied the offices of Columbia University's student placement agency for all of five minutes last week-time enough for them to perform a few customary acts of vandalism. Then the quiet of the midyear exam period returned...
When Congress finally got around to enacting the surtax at midyear, much of its effect was washed away by another big factor. While taxes went up, wages went up much faster. During the year's first nine months, about 3,400,000 unionized workers won pay raises averaging 7.5% annually, the largest gain since the Labor Department started keeping track 14 years ago. For the year as a whole, wages and benefits rose about 7%, while productivity increased only 3.2%. The result was that so-called unit labor costs jumped 3.8% -and the consumer...
...money supply expanded at an annual rate of 8% during the year's first half. Even after the midyear tax increase, the Fed's governors continued to ease credit because, like most other experts, they misjudged how quickly the surtax would begin to brake the economy. In the last three months, the Fed has changed course, holding the increase in the money supply to a moderately constrictive rate of 3.8% a year...
...About, World?, starring Dean Jones and produced by Saul Ilson and Ernest Chambers, originators of The Smothers Brothers, will also go on ABC. CBS will pick up another corporate effort by Smo-Bros Productions, The Glenn Campbell Goodtime Hour, featuring frequent visitations by Pat Paulsen. Among the other midyear substitutes following older formulas: an NBC mystery comedy, My Friend Tony, by Producer Sheldon Leonard (I Spy), and an ABC game show, Generation Gap, put together by David Susskind's Talent Associates...
...year have been busily selling off large amounts of pounds. As a result, Britain has been forced to dip into its own gold and foreign currencies to buy sterling in order to keep the pound from falling too far below its $2.40 official price in foreign exchange markets. By midyear, British reserves had shrunk to $2.7 billion, less than half the amount of pounds held by individuals and central banks in the sterling bloc alone. With huge liabilities to many other countries as well, Britain was technically insolvent...