Word: pricing
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Dates: during 1960-1969
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...superlative performance in his job. Johnson was fully appreciative of his value from the time he surveyed the new Kennedy Cabinet in 1961 and called McNamara "the best of the lot." Whether imposing industrial techniques on the Pentagon (see box, preceding page), helping the President fight an aluminum price rise and settle a railroad labor dispute, or making practical contributions to racial equality in the services, McNamara seldom belied Johnson's description of him as "the finest public servant I have ever seen." On two occasions before the 1964 Democratic Convention, L.B.J. discussed the vice-presidency with McNamara...
...which its underlying strength has gradually been revealed. The strength of the dollar is not to be measured by conventional tests. The moves by speculators do not reflect a real threat to the dollar. What they reflect is only a continuing Treasury policy that sets a floor to the price of gold-that $35 an ounce is a tactical tribute to tradition-and so permits risk-free speculation against currencies...
Fact & Wit. Such self-effacement is the price that Pompidou has paid for enjoying De Gaulle's confidence. On one occasion De Gaulle is said to have angrily rebuked his premier: "I told you to go out and show yourself. I did not tell you to make yourself noticed...
...Stiff Price. The road's progress outside Peru is also impressive. Though Ecuador and Colombia have not gone beyond the planning stage, Venezuela has already opened 275 miles of its portion of the Marginal Highway, and has another 85 miles under way. Paraguay has built a 442-mile link across the Gran Chaco, cutting transportation time from the rich central farming areas to Asuncion from six or eight days to ten hours. Bolivia's President Rene Barrientos has built about one-third of a planned 1,100-mile stretch, renaming one of the small towns along it after...
...nation's most coddled minority. Farm subsidies are now $3.3 billion-compared with less than $1 billion under the Eisenhower Administration in 1960-and one-fifth of the handouts go to farmers who earn more than $10,000. Not only are subsidies a cause of rising food prices, but it makes little sense for the Government to pay farmers to produce less when hunger stalks half the world. A poll of 5,000 farmers by the influential Farm Journal showed that 63% of them favor an end to price supports...