Word: opment
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Dates: during 1960-1969
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...critics is the oil depletion allowance. It permits owners to deduct from their taxable income 271% of the value that each well yields; more over, the deduction can be taken as long as the well produces, even if the original cost of exploration and devel opment has been returned many times over. The allowance was partially responsible for the fact that no taxes at all were paid by 155 U.S. citizens who earned more than...
Third-world delegates also had a large hand in shaping the council's statement on world economic and social devel opment, which underscored the gap between rich and poor nations. The document declared that it was the "duty" of churches in industrialized nations to influence their governments on behalf of increases in foreign aid and trade agreements favoring underdeveloped lands. One proposal that is likely to get lukewarm response was that individual Christians, through voluntary donations, give a percentage of their own income to development aid, making up the difference between what their governments spend on this cause...
Inflation is becoming a worldwide epidemic, producing political fevers as well as economic bruises. Practically no country is immune, regardless of its wealth, size, politics or state of devel opment. Almost everywhere inflation is worse than...
After unanimous Senate confirmation of Robert C. Weaver as Secretary of the new Housing and Urban Devel opment agency, the President swore in his first Negro Cabinet member in a grandiose East Room ceremony illuminated for TV's benefit by 27 spotlights. Johnson used a huge new electronic lectern with hidden microphones and retractable prompter screens that newsmen dubbed "Mother." (One correspondent asked if it could cook Lyndon's breakfast.) When Weaver had been duly anointed, Johnson produced a surprise by announcing that Lincoln Gordon, 52, U.S. Ambassador to Brazil since 1961, would succeed Peace Corps Director Vaughn...
Died. Trevor Gardner, 48, crusading chief of Air Force research and devel opment, who quit in protest in 1956 (after 11 months in office) following a series of angry rows with Defense Secretary Charles E. Wilson over the funds then allotted to ICBM development; in Washington...