Word: minis
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Dates: during 1960-1969
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...Foundation ($804 million) and the Duke Endowment ($612 million), to name the top-ranking three. With a few other large exceptions, foundations scale sharply down from there. Only about 1,500, or about one in 13, are worth as much as $1,000,000, and there are plenty of mini-foundations, such as Chicago's Robbins Charitable Fund, with assets...
...mother teaches her daughter a strict moral code and yet encourages her to walk in a mini-skirt and tight sweater around Harvard Square on Saturday evenings, she is likely to have trouble with her daughter. In the same way, this society tells its sons of American values; of their obligation to help the poor both inside and outside its borders. At the same time, however, the SSS encourages America's sons to pursue methods which do not support these values or fulfill that obligation, and actually prevents them from developing methods which can better achieve these ends. Thus...
First-Half Bulge. In its chronology, however, the new year will be almost a complete reversal of 1967, when a mini-recession created sluggish first and second quarters before the economy began to come back. During first-and second-quarter '68, the NICB forum agreed, auto sales will rebound from effects of the Ford strike and other auto-industry slowdowns. Auto production, plus some stockpiling of steel in anticipation of a steel industry strike, will keep mills humming...
...opening hockey game between the Kings and the Philadelphia Flyers, fans holding yellow tickets, for example, found that they parked their cars in a yellow-designated lot. They entered the arena at a yellow gate and passed through a yellow tunnel to the yellow section, where girls wearing yellow mini-togas showed them to their seats-yellow, of course...
...role as a monetary balance wheel. In place of its tight money policy of 1966, the Fed all year literally stuffed banks with funds. In its early stages, the massive infusion helped to keep the economic dip trivial. For a few months, interest rates fell, but as the mini-recession melted away, voracious business demand for loans reversed that trend. Corporations borrowed $16 billion through bonds and other debt securities in 1967, almost half again as much as a year earlier. State and local borrowing also rose sharply. In the second half of the year, increased federal spending sent...