Word: money
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Dates: during 1960-1969
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...protest by other Communist parties would soon subside, just as it did after Hungary in 1956. After all, the tradition of loyalty to the "Motherland of the Revolution" is long, emotional and prudent. As the world's second greatest power, Russia can provide better than anyone else the money, arms and technical aid that struggling Communists in other countries need...
...Money in the Shoes? No Olympics would be complete without a scandal, and this time the rhubarb involved alleged under-the-table payments to U.S. and foreign athletes by rival German track-shoe manufacturers. Rumor piled on rumor: stories told of payoffs ranging as high as $6,500; officials were said to have canceled checks to prove that bribes were paid; several U.S. medal-winners were reported guilty. But rumors the stories remained after the U.S. Olympic Committee investigated and announced that it could find "nothing to substantiate" them...
...definitive editions of major 19th century American writers, is so riddled with pedantry that the 258-volume series will be virtually useless. Reviewing one of the volumes already published, William Dean Howells' Their Wedding Journey (Indiana University; $10), Wilson dismisses the project as "a waste of time and money." He claims that its high price tag and its elaborate textual commentary will mean that only Ph.D. candidates are likely to buy it, while such works should be designed for general readers as well...
...flow, if not the furor, is beginning to subside-and the money has started to go the other way. Partly because of balance of payments considerations and partly because European laws and work practices are discouraging some U.S. companies, new U.S. investment in Europe this year will run about 4% under the prevailing $3 billion annual rate, and may slide even farther next year. Meanwhile, the value of European-owned plants and equipment on U.S. soil is rising sharply. The total crept up from $2.2 billion in 1950 to $7 billion last year, will sprint to $10 billion this year...
Fade Out. The largest independent U.S.. tube manufacturer, National Video suffered the classic one-product-company disaster. Seizing on glowing industry predictions of a surge in color TV sales, Cole decided to phase out production of black-and-white tubes, on which he was losing money, and switch to color. In 1965, he floated a $12,095,000 stock issue to bankroll expansion. Orders for color tubes from Motorola, Admiral and other set makers poured in, rocketing 1966 sales to $89 million. Profits reached $7,300,000 compared with the previous year...