Word: musts
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Dates: during 1960-1969
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Dangerous Game. If labor eventually settles for increases of 4% or so, the franc will probably squeeze through. Too many concessions by the government would force devaluation. Somehow, De Gaulle must be tough enough to face down the unions but flexible enough to avoid the kind of revolutionary unrest that shook France during last spring's devastating strikes. Last week De Gaulle issued yet another "non" to both lavish wage increases and devaluation. He told his cabinet that the wage settlement offer last May was "probably too much. But what has been done is done. In any event, there...
...have been resisting the board. Last week the New York Federal Reserve Bank reported that its officers had disagreed with board policy all through 1968, usually favoring even higher interest rates than the board voted. Some White House economists and many bankers argue that the board's autonomy must be ended...
...that Martin might not be reappointed as chairman, some European central bankers observed that his departure would so shake foreign confidence in Washington's money policy that the U.S. would lose $1 billion in gold. Considering that gold sells officially for $35 an ounce, the bankers must reckon that Bill Martin is worth his weight in gold-12,000 times over...
Counterattack. Cigarette executives are also intensifying their own anti-anti-smoking war. Just last month the Tobacco Institute petitioned the Supreme Court to overturn the 1967 FCC ruling that broadcasters must give free time to commercials warning of the dangers of cigarettes. The Tobacco Institute has also opened a six-week nationwide campaign of newspaper ads reiterating the industry's defense that "there is no demonstrated causal relationship between smoking and any disease"-a claim that a spokesman for the Government's National Interagency Council on Smoking and Health describes as "typical hokum...
...year-old Standard & Poor's investment service, one of the five biggest in the nation. Called Standard & Poor's/InterCapital, Inc., the firm starts out with $3 billion in funds that have been put up by 1,800 individual and institutional investors, each of which must have accounts of at least...