Word: sharing
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Dates: during 1960-1969
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Under U.S. protection, Western Europe built back to prosperity, and Japan became the first nonwhite nation with an industrialized economy. Beyond the Iron Curtain, Russia and China reconstructed their own bases of power. As others grew, the relative power of the U.S. inevitably shrank. In two decades, its share of the world's income dropped to one-third, its steel production fell from three-fifths to onequarter, its great gold stock melted as the balance of payments shifted. And most significantly, it lost its unique position as the world's only nuclear nation...
James Francis Cardinal Mclntyre of Los Angeles, who has had more than his share of troubles with unruly young priests, is currently at odds with a covey of nuns: his city's Sisters of the Immaculate Heart of Mary...
...City of Boston at this moment than in any city in America--that's by dollar volume in relation to per square yard area and in relation to population served. The third aspect of the program was to endeavor to have the Commonwealth assume its fair share of the responsibility for the City...
...High-income individuals would not do quite so well because they would have to pay income taxes on their short-term profits. Mutual funds pay taxes, but most pension funds and profit-sharing funds do not. Their members pay capital-gains taxes on their profits, but only when they collect their share of the funds...
...assurance, the news stoked fresh doubts about conglomerates; some of them, warned American Bankers Association President Howard Laeri, "may turn out to have more ambition than talent." Such fears were quickly reflected on the stock market. Last week Litton's common stock, which sold for over $120 a share last October, closed at $73.37. Other conglomerate stocks, including Teledyne and Ling-Temco-Vought, also dropped sharply...