Word: quarters
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Dates: during 1960-1969
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...longer feared the "deluge" that De Gaulle so often promised would follow him. FRANCE CONTINUES, headlined a Marseille paper when the moment finally arrived, but no one any longer doubted that France would. On the night of the referendum, there were some sharp, ugly scenes in the Latin Quarter between police and students, but they were largely provoked by the flics, as though attempting to incite the Gaullist prophecy into reality. If that was the aim, it failed. France accepted the vacuum calmly, fascinated by the details of the transition, watching and waiting to see what would happen next. Interim...
...class from the prestigious École Normale Supérieure in 1934. While his classmates ground away at the school's notoriously brutal classwork, Pompidou forever seemed to have time to swing ? cultivating his taste for modern art in the galleries, in political activism in the Latin Quarter (he once helped batter down the door of a rival political organization), or in witty banter at a salon...
...that process appears to have begun-in response to the Government's policy of tight money, high taxes and a budgetary surplus. The real growth of the gross national product, not counting mere price increases, dropped from an annual rate of 6.4% in last year's first quarter to 2.8% in this year's first quarter. Even so, a FORTUNE survey shows that businessmen are still in an expansionist mood; 77% of those polled expect further increase in sales over the next twelve months. If the leading indicators prove correct, some abrupt changes of mind and manner...
Earnings this year have been assaulted by the 10% tax surcharge-an essentially Keynesian measure designed to retard demand and inflation as well as by the rising costs of labor, money and materials. Even so, profits generally reached new peaks in the first quarter. The Wall Street Journal, in a survey of 519 firms, found a 7.8% increase in aftertax profits-just about the same as in the last quarter...
Even so, the pace of profit growth is slowing. In the third quarter of 1968, earnings had jumped by 14%. For the past two quarters, the gain has been just over 7%. The more recent results suggest that taxes and costs are overtaking businessmen's efforts to keep up profit margins-now roughly a nickel on every dollar of sales-by raising prices or increasing efficiency...