Word: rosee
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Dates: during 1960-1969
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...economic confusion continued last week. The consumer price index for July rose at an annual rate of 6% . That was down from a 7.2% rate in June, but little comfort can be taken from the fact. The 3.6% rise in prices between January and July was the greatest for the period since 1951. But a special Federal Reserve Board study shows that businessmen plan little increase in spending for new factories and equipment during the rest of this year. Such outlays have been a major source of inflationary pressure, and for all of 1969 the Reserve Board expects capital spending...
...Next Test. The likelihood that speculators will soon find another way to outgain stock-market averages is not great. Last week the stock market slowly extended a technical rally from its July 29th low of 801.96 on the Dow-Jones industrial average. The average rose 16.37 to close at 837.25. Brokers almost unanimously expect that the rally will give way soon to a new drop that will "test" the low. Opinion is divided about evenly on whether or not the market will pass that test...
...attacks caused a sharp rise in U.S. casualties. In the first day of fighting, 94 Americans were killed; by week's end, the toll-rose to about 200. But the Communists paid dearly; left behind on the battlefields were some 3,000 enemy bodies. U.S. military experts reckoned that the attacks represented the start of the Communists' "autumn campaign" and a new strategy of relative military inaction interspersed with "high points." The aim: to erode American will and to prevent Saigon from consolidating political power...
...ever since Grayson Kirk resigned after the convulsive student uprising 14 months ago. Informal overtures by Columbia's trustees have since been rebuffed by John Gardner, former Secretary of Health, Education and Welfare, and Martin Meyerson, president of the State University of New York at Buffalo. Hopes recently rose when the trustees formally offered the post to Alexander Heard, 52, the able chancellor of Vanderbilt University (TIME, Aug. 1). But last week Heard too bowed out. "At this juncture," he wrote in a letter of regret, "I personally will have a better chance at Vanderbilt to make a useful...
...dollar's steadiness in money trading last week was a tribute to its role as the basic currency of the world monetary system rather than to the international strength of the U.S. economy. At week's end, the Treasury disclosed that the U.S. balance-of-payments deficit rose in the second quarter to $3.8 billion - more than double the dollar out flow of any previous quarter...