Word: money
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Dates: during 1960-1969
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...away the rule book. It was clear, for example, that university brains would have to be tapped. But instead of following the usual practice of giving Government scholarships directly to stu dents, and allowing the students to shop for berths at a few Ivy League universities, NASA turned the money ($100 million so far) over to a large number of universities, thus ensuring greater cross-fertilization of ideas...
Those who are-understandably-obsessed with the urgent problems of today, aim at the wrong target when they attack the space program. They say the money would be better spent on the ghettos or the hungry, especially with so much already going to the Viet Nam war. That the money would in fact be spent in such a way is, at best, debatable. Moreover, cost effectiveness is not a criticism that can or should be applied to advanced technology. Who would have put money on atomic energy in 1940? A nation which concentrates on the present will have no future...
...looks a lot like Allen Ginsberg and lays claim to being a Marxist. He owned the Steppenwolf bar in Berkeley for seven years but, so the story goes, the toi let in the men's room broke down one day in 1965, and rather than lay out the money to fix it, Max simply sold the place and started an underground newspaper, the Berkeley Barb. Max, it seems, has this thing about money; he refuses to spend it, on himself or anyone else. Featuring sex, rebellion and kinky ads, the Barb grew into a going enterprise with a circulation...
NERVOUS about inflation, tight money and the prospects of a business slowdown, Wall Street has more than enough to worry about these days. But last week the words and deeds of some very important people further unnerved investors. At the U.N., U Thant reported that fighting along the Suez Canal had erupted into "open warfare." It was the kind of news that Wall Street hates. In the U.S. Senate, Finance Committee Chairman Russell Long raised prospects of a long delay before action on extension of the surtax, and Wall Street was bothered even more. Most disturbing of all, Treasury Secretary...
...Mutual funds have been selling, and in some cases there has been distress selling inspired by the fear that customers will redeem their fund shares for cash. Even those inveterate bulls, the managers of go-go funds, are unloading stocks, and the hedge funds have been hard hit. Some money is being shifted out of stocks into bonds. People who buy stocks on margin have to pay 11% interest, but those who buy bonds collect as much as 8% interest-a rewarding spread. Though analysts tirelessly repeat that the market is oversold, few see much chance for a strong rally...