Word: shifted
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Dates: during 1960-1969
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...than to a draftee's quick in-and-out. More basically, the extra cost of a volunteer army would be more apparent than real, because paying servicemen wages lower than they could get in a free market is, in effect, a subsidy for the Department of Defense. "We shift the cost of military service from the well-to-do taxpayer, who benefits by lower taxes, to the impecunious young draftee," explains Economist John Kenneth Galbraith...
Speculation and Shift. Altogether, 1968 was a fairly disappointing year for blue-chip industrial shares. Propelled by political as well as economic events, the Dow-Jones average bounced erratically, but gained only 4.3% for the year. Broader-based indicators of Big Board securities rose about twice as much. The New York Exchange index of all 1,249 listed common stocks climbed 9.4% and Standard & Poor's index of 500 issues rose 7.7%. On the American Stock Exchange, a haven for low-priced and often volatile issues, prices soared an average...
...outcome, besides the cold Crimson shooting eye, was probably San Francisco's shift from man-to-man to zone defense. Against the man, Dover had 16 points in the first half and Hardy eight. The pair had just five between them against the zone...
Nixon would like to shift Operation Head Start, one of the few major successes of the war on poverty, to HEW. The poverty program's effort to furnish legal aid to the poor may be assigned to the Justice Department. Nixon and Moynihan would also like to scrap the Job Corps, which they consider inefficient. But he would need congressional approval for such steps-sanction that would not be easily obtained...
Other executive changes further underscored the policy shift. To succeed Gott as president, the board picked his longtime ally and fellow production specialist, Executive Vice President Edgar B. Speer, 52. Another executive vice president, R. Heath Larry, a lawyer and Blough protege who has long been considered his heir apparent, had to settle for the post of vice chairman. At 54, Larry is still young enough to have a shot at the top job later...