Word: rising
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Dates: during 1960-1969
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...Price. Most congressional conservatives, who now hold power in the House, have said all along that Johnson could have his long-sought tax rise -provided, of course, that he reduced spending. The President, mindful of the needs of the cities and Viet Nam, was loath to do this. Finally, a fortnight ago, he agreed to a cut of $4 billion, enough to bring the 1968-69 budget down to $182.1 billion. More, he said, would create "chaos in government...
House Republicans wanted a slice of $6 billion, but appeared ready to compromise at $5 billion. With that amount, Mills was sure that he could muster 90 to 100 Republican votes for the tax rise, more than enough to offset the defection of liberal Democrats, who agreed with the President that the budget needed more, not less money...
This is not to say that academicians have taken refuge in philosophy. Quite the opposite; the concern for theory sparked by the Vietnam quandary has also given rise to the activist intellectual...
Unless the U.S. can offset this prospective shortfall, it will lead to a rise in the dollar-weakening balance of payments deficit and renewed peril for the free world's monetary and trade system. Chances of improvement seem slim. Congress has shelved the President's proposals to curb tourist spending abroad; rising costs of the Viet Nam war could forestall Government promises to curtail its spending overseas. Thus, it was hardly a surprise last week when the free-market price of gold -a seismograph of foreign anxieties over the dollar-inched up to $39.60 per oz., its peak...
George Washington established the Springfield (Mass.) Armory in 1794 as the first small-arms-manufacturing arsenal for his army. Henry Wadsworth Longfellow immortalized the place 50 years later in his poem "The Arsenal at Springfield," where "from floor to ceiling, like a huge organ, rise the burnished arms." After several generations...