Word: primed
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Dates: during 1960-1969
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Campaigning for his creation, Prime Minister Ian Smith declared that "it virtually enshrines white supremacy, but it does it on merit, which no one can undermine." That view was disputed by a former Prime Minister, Sir Roy Welensky. He worried that "it will lead to eventual confrontation. It is a departure from representation based on merit to straight racial representation...
Increases in interest rates have usually been tolerated as a necessary evil in the fight against inflation. Last week, after announcing the fifth rise in the prime rate since December, U.S. bankers were greeted by an uncommon backlash. Criticism of the move came not only from the perennial easy-money advocates but from other responsible sources. Their contention was that the bankers have been just too cavalier about the cost of money...
...Washington, Treasury Secretary David Kennedy sent a long-distance rebuke to some of the bankers, who had been talking freely in Copenhagen about ordering still another rise in the prime rate. Kennedy defended the latest increase but told bankers that in the future they had better "find other methods to make those difficult credit-allocation decisions." The clear warning from Treasury: No more increases. Meanwhile, the Federal Reserve Board is considering telling U.S. bankers to "voluntarily" limit their loans to the total that they now have outstanding...
...Duhamel. The endorsements will no doubt be handsomely repaid. Giscard d'Estaing, a successful Finance Minister under De Gaulle, was considered a likely candidate to become Foreign Minister under Pompidou -partly because his most important conditions for support involved working toward European political unity. For the job of prime minister, Pompidou has said that he will look to a member of the Gaullist party, but one capable of effecting national reconciliation and producing a "more far-reaching dialogue with the Assembly." The man best equipped to perform both chores seemed to be the handsome speaker of the Assembly, Jacques...
...Dick Van Dyke, The Beverly Hillbillies and Andy Griffith -all rerunning for their lives-Cavett found himself and his talk program scrambling for ratings. While insisting that they liked the guy a lot, ABC nonetheless canceled the show. But not for long. Cavett is back on the network -in prime time...