Word: overdraft
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Dates: during 1960-1969
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...fight a limited war, but of how to avoid fighting any other kind." Yet he suggests that a major military test with Communism is still to come-offering no speculation on how or where. Viet Nam, in his view, is not the place. That war, he believes, represents an overdraft on American resources that is disproportionate to the national interest in that part of the world. He fears that the U.S. may find itself "unduly weakened when we need to meet new challenges in other, more vital areas of the world." That said, the general remains curiously unspecific when...
Slumping Stock Market. Many Irishmen viewed the bank strike with ebullient aplomb. "I had an overdraft due in two weeks," crowed a Dubliner, "now I can forget about it." Said an official of the Irish Central Bank, only half-jokingly: "People may soon decide that banks aren't necessary after all." Others took the situation more seriously. With cash scarce, trading on the Dublin Stock Exchange slumped, and the Tipperary cattle market closed altogether...