Word: nomics
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Dates: during 1960-1969
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Most Commonwealth leaders had come to London hoping to force Brit ish Prime Minister Harold Wilson to send troops to invade Rhodesia - or at the very least call for a full-scale eco nomic and diplomatic blockade (such as the U.N. unsuccessfully tried against Franco's Spain after World...
...Cruel Jest." Martin Luther King Jr. pleaded for a "G.I. Bill" for Negroes, explaining: "Negroes must not only have the right to go into any establishment open to the public, but they must also be absorbed into our eco nomic system so they can afford to exercise that right. Giving a pair of shoes to a man who has not learned to walk is a cruel jest." King also urged that the Federal Government take stronger steps toward stopping civil rights violence in the South before it happens. Said he: "If our Government is capable of gathering intelligence information...
...nicknames like "Redeemer" (Ghana's Kwame Nkrumah) or "Lion of Malawi" (Nyasa-land's Kamuzu Banda), Nyerere is content to be known as Mwalimu-Swahili for teacher. Where other leaders use their high-powered, government-owned radios for propaganda messages, Nyerere uses his to broadcast casual eco nomic lessons. Recently he translated Shakespeare's Julius Caesar into Swahili, and although after Caesar's assassination Cassius shouts "Uhuru, uhuru!", Tanganyika's Julius was careful to avoid equating himself with Rome...
Thanks to the nation's miraculous eco nomic boom. West Germans today are more concerned with paychecks than with princely comings and goings. But the country's economic and social transformation has failed notably to produce a unified, national Fuhrungsschicht (leadership layer) in place of the old aristocratic ruling caste. The result is a confused and confusing society in which, says Sociologist Ralf Dahrendorf, there is not one class of Prominenz but "a multitude of competing groups." The "pyramids of power" include the church, the military, local government and such venerable universities as Tubingen, Gottingen and Heidelberg, where...
...Question. The proponents of quick tax cuts to get the economy moving were powerfully backed up by expert eco nomic opinion. Fortnight ago, three dozen highly regarded economists from outside Government assembled in Washington to discuss tax reductions with Treasury Secretary Douglas Dillon and his top officials. The economists agreed to a man that the state of the economy demanded them -not next year, but as soon as possible. Says University of California Economist Neil H. Jacoby: "There is general agreement among economists that federal tax rates must come down. The big question is whether there will ever...