Word: muste
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Dates: during 1960-1969
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Nine-Month Wait. Despite some internal debate, the Administration has shown more inclination to defend its strategy than to change it. Paul McCracken, the President's chief economist, insisted last week that the economy is entering "a period of transition" and that "we must not lose our cool." He has impressive evidence to bolster his argument. The growth of the output of goods and services has slackened. Profits are expected to fall in this year's third quarter. Housing, industrial production, new orders for factory goods and stock prices have declined. Over lunch at Pittsburgh's elite...
...flow by making the mark more expensive; that is the sort of basic decision traditionally left to the new government. Instead, the Bundesbank freed the mark to be traded at just about any price that buyers were willing to pay. The IMF cooperated by ignoring the rule that governments must maintain their currencies within a 1% margin above or below the fixed-exchange rates...
Chains on Baby Carriages. The consequences of the economic slowdown touch everyone. Czechoslovakia's distribution system is verging on collapse. Women must rise at dawn to search for fresh meat; eggs are often difficult to find in the cities. For long weeks during the summer, lack of railroad cars tied up 3,600 tons of meat and 105,000 tons of other Soviet goods at the border transfer point of Cierna. No one is starving, but Czechoslovaks returning from trips to Germany and Austria carry suitcases stuffed with food...
...advances of synthetics, which last year outsold cotton 2 to 1. The cotton industry is fighting back, but its $13 million research and advertising campaign amounts at best to a rearguard action. Research is concentrated on quick development of permanent-press fabrics made entirely of cotton. Ordinarily, such fabrics must be strengthened with synthetics, since the chemicals used to impart a permanent press weaken cotton fibers. The first limited success was an all-cotton durable-press shirt marketed this year...
...color photography is beautiful without being demonstrative, and the music is both functional and original. Olmi's artistry is obtrusive, but always at the service of his material. On the basis of One Fine Day and two earlier films, The Fiances and The Sound of Trumpets, Olmi must be considered a new and worthy master of the humanist cinema...