Word: needed
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Dates: during 1960-1969
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...Office is the Government's basket case. There is a 23% average turnover in personnel every year; 85% of all employees are in the five lowest pay grades. Operations are guided by a vast hodgepodge of rules and regulations that fill a 9½lb. volume. The accumulated need for facilities and equipment exceeds $5 billion; yet the proposed construction of any major postal facility usually takes eight to ten years to win congressional approval...
...allies try to establish relations with Peking. While Britain's and France's recognition of China does not seem to have done them much good, it is still valid to assume that the more contact Peking has with the West, the better. There seems to be no need for such expressions of "concern" as were heard from the State Department earlier this year when Canada announced its decision to negotiate recognition with Peking...
...troublesome issue: Taiwan. Washington steadfastly maintains that it is committed to Chiang Kai-shek's government, and by implication to his claim that he still heads the Republic of China. The U.S. is indeed committed to Chiang's regime by ties of history and honor. But it need not and cannot much longer sustain the fiction that Taiwan is China...
...Proud of its achievements and of its mighty land, but looking for someone, somehow, to confirm it in its pride. It fell to Cole to see and paint the U.S. with a vision of its grandeur that expressed the young nation's inner vision -of a landscape that need yield pride of place to no other country...
...down new corporate customers and rationing loans to regulars. Some are cutting off finance companies and mortgage-banking firms and generally refusing loans to finance corporate takeovers. The pressure is strongest on banks in the East and on the West Coast because they deal with many large corporations that need money to expand. The cost of borrowing, already at a 40-year peak, continues to rise. Bankers have stepped up their prime rate four times in the past six months, to an alltime high 7½%, and speculation is widespread that they will soon increase it again. That expectation helped...