Word: risked
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Dates: during 1960-1969
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...were standard. Today 300,000-ton behemoths ply the sea, and larger ships are planned. As the Torrey Canyon dramatically demonstrated in 1967, one ship can cause a major calamity. In the past five years 94 tankers have foundered; two collisions occur every week. Then there is the rising risk of dangerous pollution from offshore oil wells. Last spring a presidential panel investigating the Santa Barbara Channel blowout concluded that the U.S. faces one major oil spill every year after...
...rapidly inflating. Atlanta's school fire insurance costs rose from $60,000 to $200,000 last year. Nolan E. Allen, business manager of the Indianapolis school system, wonders about the reasoning behind insurance. "A company says that it wants to take care of you when there is a risk," he muses. "But when you do have a risk, it says goodbye...
...angry response from Congressman Henry Reuss, chairman of the Joint Congressional Subcommittee on International Exchange and Payments. He said that the U.S. "would pay a stiff price for any compromise with South Africa." A floor under the private price of gold, he argued, would encourage speculation by taking the risk out of it, and would possibly tempt foreign bankers to demand conversion of their dollar reserves into gold...
Though Paul McCracken is a socially sensitive man who fully recognizes the dangers involved, he argues on behalf of the Administration that "We have no alternative but to risk overstaying with policies of restraint." Economist Gabriel Hauge, chairman of Manhattan's Manufacturers Hanover Trust Co., agrees: "The nation has to run the risk of getting into a recession. We should not be afraid of overkill...
...taxes in 1966 to help meet Viet Nam costs is a major source of today's problem. Some congressional Republicans believe that Nixon will arrange to relax the money squeeze well before ballot time. But at least one of the President's most trusted advisers has counseled him to risk unpopularity in 1970 and concentrate on stopping inflation before the 1972 presidential race. Any letup now, he feels, would give Nixon a politically lethal credibility gap on the issue of inflation?a gap that could