Word: pastes
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Dates: during 1960-1969
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...easing in policy, whenever it comes, will be slight and gradual. The erratic swings-from extreme looseness to tightness and back again-in past Federal Reserve policy have created an economic credibility gap. Businessmen, consumers and labor leaders generally seem convinced that at the first signs of recession, the Federal Reserve will again switch to an open-handed expansion. This time the change must be carried out with such finesse that, as one high Administration policymaker says, "there will be a guessing game for months." Bankers, businessmen and economists will have to try to figure out whether or not movements...
...ominous question is whether inflationary psychology has become so pervasive that it can be cured only by a rattling recession. The public realizes that the people who bet on inflation in past years have been rewarded, while those who pursued prudence have been punished. The businessman who raised his prices in recent years lost few if any customers but increased his profits; the businessman who did not raise prices saw his earnings drop. The consumer who borrowed for a spending spree is paying off his debt in cheapened dollars; the consumer who saved instead is holding dollars that have depreciated...
...Hanover, N.H., and his three Danish collaborators have been deluged with requests for ice specimens. The interest of other scientists is understandable. The ice now being preserved in deep freezes at Hanover may contain a wide assortment of nature's rare relics, ranging from evidence of past cosmic-ray bombardment to bubbles of ancient trapped air that will tell much about the composition of the earth's atmosphere thousands of years...
Downhill Racer, a sober and straight-forward story about an aggressive young skier on the international circuit, attempts to carom past the usual clichés by taking a fictionalized documentary approach. If on occasion it takes a spill or two, Downhill still comes through as a perceptive, unsentimental portrait of a young athlete on the make...
...Year of the Pig is a new kind of chiller movie. Audiences sit in helpless frustration watching scenes of unreeling historical horror. Producer-Director Emile de Antonio (Point of Order) has taken his ghoulish episodes from newsreels made in and about Viet Nam over the past three decades. The result is a slanted but devastating account of the spiraling American involvement in Southeast Asia...