Word: richer
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Dates: during 1960-1969
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...With new elections approaching in May, opposition politicians are speaking out more and more. "The rich are getting richer," says Opposition Candidate Po Sun Yun of the New Democratic Party, "and the poor are getting poorer. Small and medium-sized businessmen and farmers are suffering under the government's economic policies"-mass-production policies which clearly favor the larger, more efficient producers...
...figures make the merger, which will form the world's biggest privately owned railroad (20,000 miles), seem a richer deal than ever-but no less necessary. Central President Alfred E. Perlman complained that his company's profit was still "peanuts." Saunders echoed Perlman's conviction that the merged roads could do a lot better...
...England's most controversial economist," as the dust jacket correctly bills Thomas Balogh, believes that the world is a ticking time bomb. Rich nations are getting richer while poor nations are getting poorer-and unless the trend is radically reversed, warns the author, all the colored races will embrace Chinese-style totalitarianism. His thesis is well-worn and his stark pessimism is questionable, but the problem of widening inequalities is all too real and urgent...
...longer term, Balogh believes that many underdeveloped nations are so backward and Balkanized that their best hope lies in banding into regional common markets, such as the Latin American Free Trade Association conceived by his ally, Argentina's Raul Prebisch. Richer nations should not only greatly increase their foreign aid, but also channel it through an international organization and budget it on a long-term basis. To accomplish this, the world needs a major reform of its monetary system so that generous nations-notably the U.S.-would not be penalized by balance-of-payments deficits as a result...
...observed rule is that a gift for a rich friend-acquaintance has to be relatively expensive, while the present for a friend of lower income can be relatively cheap. Thus, the giver often finds himself sulkily spending more on those who enjoy it less. Actually, any present for someone richer than the giver should be pointedly inexpensive but thoughtful, like hand-knitted ear muffs...