Word: money
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Dates: during 1960-1969
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...Money Game, 'Adam Smith...
What investors saw on the tax-and-money front in Washington last week was just the opposite. Extension of the tax surcharge has become the symbol of the Government's determination to fight inflation; if it is not extended, the Federal Reserve will have to make money even tighter, and 12% interest rates could become the rule. But Senate Democrats are holding the surtax as hostage, vowing that they will not vote for it unless it is combined with long-overdue tax reforms. They sense a taxpayers' revolt and know that reform has become politically popular. Tax reform...
...first five months. Traders were further depressed by a cutback in capital spending at Chrysler and news that retail sales dropped in June for the second straight month. These indicators might bring some cheer to the Federal Reserve Board, which has been desperately looking for evidence that its restrictive money policy has produced some slowdown. But New York's First National City Bank warned in its latest economic letter that, "to hold fast to a restrictive policy until the signs of an economic downturn are unmistakable means that the policy will have gone too far." Reason: economic indicators...
...wider band." Under this plan, currencies would be allowed to swing 2% to 3% above or below their official parity. A wider band would give the crawling peg more room in which to crawl, and would lessen the frequency with which central banks have to intervene in world money markets to support or hold down a currency's price...
...Civil Rights Movement benefited more the northerners involved than it uplifted oppressed Negroes (as they were called). Very little of southern life was changed in return for the vast amount of energy the crusaders put into getting there. Imagine how much money the tens of thousands of people who came down for the Selma march in 1965 spent on gasoline, motel rooms, airplane tickets, restaurants. Millions of dollars, and the cops got the firehoses out as soon as they left...