Word: money
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Dates: during 1960-1969
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Perhaps the most fundamental issue dividing Humphrey and Nixon is whether Washington should mastermind or merely encourage social reform. Humphrey is convinced that the government must spend vast amounts of money to better the lot of Negroes, clean up the slums, improve health, transportation and education. Last month he came out for a 50% increase in social security pensions over the next four years, a boost that would ultimately cost $12 billion a year. Since all that money must come from somewhere, Humphrey is considerably less emphatic than Nixon in asserting that this year's 10% income surtax should...
...result is that disposable income-the amount of money the average worker has left to spend after taxes-has never been higher. Hourly workers are paid $2.85 on the average; annual per capita disposable income has climbed 7% in a year, to $2,918. Along with these overall increases, some 3,260,000 union members automatically get from 2? to 11? more an hour each time the cost of living index goes...
...economy where unemployment is running at 3.5% of the labor force (lowest since 1953) and wages are rising, higher costs for services are predictable. With plenty of work available, the unskilled are leaving low-paying jobs. The only recourse for the bosses is to offer more money without receiving higher productivity...
...Western world owes an immense debt to its close-knit fraternity of central bankers. Within the space of eleven months, their informal collaboration has overcome the turmoil of British devaluation, an upheaval in France and a stampede for gold that culminated in the worst international money crisis since the 1930s. A serious slip at any crucial point along the line could have wrecked the wobbly system of international finance, bringing wholesale currency devaluations and economic chaos. Last week the bankers tried to stave off another incipient crisis almost before the world realized that there was one brewing...
...breathless comings and goings across the Central Europe of today and yesterday-yesterday in this case being 1939, just before Hitler's "final solution" was set in motion. Davidson detours into the painfully recollected and infinitely poignant shifts of law and finance that were used to raise the money necessary for getting Jews out of Germany...