Word: quarters
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Dates: during 1960-1969
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Some Kansas fans will undoubtedly criticize Coach Pepper Rodgers for the loss. But other football followers could only admire him. Late in the fourth Quarter, while ahead 14-7, Kansas had the ball on the Penn 5-yd. line. It was fourth down and a yard to go; a field goal would almost certainly have put the game out of Penn State's reach. But Rodgers, who insists that college football ought to be fun, let his team take the gamble. Instead of trying for the field goal, Kansas went for a touchdown-and failed...
Died. George Lewis, 68, jazz clarinetist of early New Orleans vintage who started strutting to funerals with his $4 clarinet when he was 17, played with such jazz lights of the '20s and '30s as Buddy Petit and Kid Howard, later exported the doleful sound of French Quarter blues to Europe and Japan in a series of boisterously successful tours; of pneumonia; in New Orleans...
...year, and the war-swollen economy began to suffer from inflation. When the Reserve Board overreacted, it slammed on the brakes too hard. Until January 1967, money supply was allowed to grow at a yearly rate of only 3.8%. The result, says Friedman, was the first-quarter slowdown that analysts dubbed the mini-recession of 1967. Since January 1967, the money supply has increased at a 9.9% annual rate, and Friedman blames today's inflation primarily on that fact. Last year he correctly predicted that, in the absence of restraint on money supply, the 10% income tax surcharge would...
...psychology of inflation. Rising taxes will make the battle easier and will siphon funds away from investors. On Jan. 1, Social Security taxes went up by $3.6 billion a year. By April 15, taxpayers must give Washington an extra $11 billion in catch-up payments for the second quarter of 1968, when the 10% income-tax surcharge was not withheld from salaries. With a shrinking federal deficit also sucking steam from the economy, Wall Street is looking for a noticeable slowdown in U.S. business growth over the next few months. While that may hurt for a while, it should lead...
...Frazer. Cary was unaffected. Literary myth seekers and archetype spotters will look in vain through Cary's fiction. "My novels point out that the world consists entirely of exceptions," he wrote. Persistently, he saw the world as a struggle between creative man and organized authority, with no quarter given or expected. To tell of human life in terms of anything but spiritual adventure would have seemed to him not far from blasphemy against both life...