Word: shifting
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Dates: during 1960-1969
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...Major G. N. Loraine-Smith of the Pytchley Hunt, says that it "has something to do with the mechanical age creating a longing to get back to something near the earth." He adds: "We even have factory workers hiring ponies and riding out without sleep after working a night shift." But one vocal segment of the British population objects to this form of outdoor recreation...
...Whatever the verdict history eventually passes on Mr. Johnson's policy in Viet Nam, he has shown that the United States is as willing to exert its influence in Asia as it is in Europe. The shift of America's weight to its Pacific flank is making itself felt...
...number of visible national issues. Housewives are generally unhappy about high food prices (see U.S. BUSINESS); businessmen and farmers are restive over tight money; many voters remain vaguely uneasy over the course of the Viet Nam war. Yet none of these attitudes by itself portends a great national shift of votes. While inflation is no doubt a factor in some contests, it has been defused, at least partially by the prevalence of high wages and prosperity...
...been consistently chipping away at U.S. gold reserves by buying bullion with the dollars that France earns from trade and tourism. In October, for the first time since early 1965, the French failed to make their regular monthly conversion of $34 million into gold. Reason for the shift: rising imports of goods and outflows of capital are cutting into France's once hefty balance of payments surplus. The country has few dollars to spare, and its bankers and businessmen want to hold onto them because they can earn higher interest rates on dollars than on French francs. Even...
Capital for investment is becoming scarcer because of Wilson's extraordinary Selective Employment Tax (TIME, Sept. 16). By forcing employers to pay a frankly discriminatory head tax on workers in the service trades and giving tax rebates to employers in export-oriented manufacturing industries, the measure aims to shift British workers out of areas that serve the consumer and into those that serve the pound. The tax is siphoning cash out of corporate treasuries at an annual rate of $2 billion, which is about one-fourth the amount that private industry normally invests in capital improvements. One other result...