Word: recording
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Dates: during 1960-1969
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Flirting with Recession. The question that bothers some fellow economists is whether Burns will demonstrate the necessary flexibility and adopt an expansionary policy at the right time. His record in that respect is mixed. Intellectually, Burns recognizes the Government's obligation to maintain prosperity. As chairman of President Eisenhower's Council of Economic Advisers from 1953 to 1956, he agreed to increases in Government spending and in the credit supply that his successor, Saulnier, thought were too expansionist. In early 1960, he advised Nixon, then Vice President, that federal spending should be increased and credit eased to head...
Computerized Job Bank. As a policy adviser, Burns' record is uneven. He opposed repeal of the 7% investment tax credit-and lost. He won on another question by persuading the Administration to come out against taxing the interest on state and municipal bonds. He sold Nixon on the idea of a computerized job bank that would list jobs offered by employers all over the country to aid in placement of the unemployed. On the other hand, the President sent to Congress a billion-dollar program to combat hunger, despite Burns' strenuous objections that it was unnecessary and cost...
...more material way, investors expressed a yearning for peace, and a belief that peace would be bullish. They bought stock in close to record amounts and sent the market to its sharpest gains in months. Prices spurted early in the week on hopes that the Moratorium demonstrations would compel the Nixon Administration to take some action that might further scale down the war. Stocks paused at midweek as investors took profits, but climbed again on news of the Communist offer of direct talks between the U.S. and the Viet Cong. Prices tapered after the U.S. rejected the offer...
...story exchange building last week, somber-suited businessmen, workmen in overalls and pig-tailed secretaries jostled each other in the gold-carpeted gallery to watch brokers screaming for 100, 200 and 500 shares of mining and oil companies. One day, trading on the Sydney exchange reached a record of nearly 36 million shares...
...constant compulsion to bring in disparate guests to hold his audience. Senator Edmund Muskie soloed for 37 minutes. Congressman Adam Clayton Powell Jr.-who rattled off lines like, "I am probably the only living American, black or white, that just doesn't give a damn"-holds the record so far with a run of 39 minutes...