Word: money
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Dates: during 1960-1969
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What other policies? Beyond the classic tools of high taxes, tight money, steep interest rates and restraint on Government spending, the most direct way to fight inflation without increasing unemployment would be outright federal controls on wages and prices. Paul A. Samuelson of M.I.T., a liberal economist, says that controls should be "saved for emergencies"; most officials shudder at their use under any. circumstances. In a letter to the Washington Post last week, Harvard's John Kenneth Galbraith argued for revival of the Johnson Administration's voluntary wage-price guideposts, "or something similar." Yet, as Johnson learned, such...
...landlords have lately raised the roof on rents in part to make up for lost time and money. Six years ago, in a scramble to beat a zoning-law deadline, they built an excess of apartments and filled them by offering rents that were fairly reasonable by Manhattan standards, as well as three-or four-month rental "concessions." Now there is a desperate housing shortage. While the rental vacancy rate for the nation is 5.4%, it is 1.2% for New York City. The landlords, hardly a charitable lot, can get together fairly easily and exploit the shortage because 250 real...
...they say to you, 'A terrible mistake has been made.' And they give you your suit back, with your glasses and your wallet. And they say, 'Look, people from big magazines are going to come and write stories on you. And here's some money. And we're very sorry about this...
...distinction in this field, just take a look at this month's Good Housekeeping, available at Woolworths every-where for half-a-buck. As director of this monthly's Institute, Miss Rogers is chief dispenser of the Good Housekeeping Seal, which is given to products worthy of a money-back guarantee--items which, coincidentally, happen to advertise in Good Housekeeping...
...Willie Mae Rogers has faded back into the world of Good Housekeeping. This is a shame, for while the magazine's mammoth advertising lineage is a testimonial to a valiant researcher, the stuff between the ads is tawdry--hardly worthy of a money-back guarantee. The March issue, for instance, features mainly articles for voyeurs ("Petula Clark: Is She Another Julie Andrews?") and sexmaniacs (a romance-mystery, "The Night Before the Wedding," by the authors of "That Darn...