Word: short
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Dates: during 1960-1969
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...Courted Radicals. In the short run, the election losses will impede Frei's efforts toward further reforms in his remaining 19 months in office (under Chilean law, he cannot run for a second successive term). More important, the Christian Democrats will now have to find allies for the bigger stakes, the presidential race next year. The most likely seem to be the centrists of the Radical Party, who polled 13% of the vote last week. What will make such maneuvering doubly interesting is that the rightist National Party, its presidential hopes inspired by last week's gains, will...
...girl friends that it means "dangerous." On the track "D" is strictly for diligent, dependable and, at least to some fans, dull. Willie is just too predictable. At this year's Millrose Games in Madison Square Garden, for example, a group of spectators, wagering among themselves, stopped short when it came to the 60-yd. high hurdles. "Hey, you wanna bet on this event?" said one. "Are you kiddin'?" cried his companion. "Not with Davenport in there. He wins all the time...
...difficulty in recognizing the kinship of the English proverb, "It never rains but it pours," to one of their own: "It leaks at the gunwale, it leaks in the keel." From the Biblical injunction, "An eye for an eye, a tooth for a tooth," it is only a short and negotiable step to an old saying of the Nandi tribe in East Africa: "A goat's hide buys a goat's hide and a gourd a gourd...
...money. Then Martin calmly absorbed the resulting criticism, most notably after the "credit crunch" of 1966. To blame the Federal Reserve for that, says Arthur Okun, who was Lyndon Johnson's chief economist, is "like scolding a driver who just avoided hitting a jaywalking child because he stopped short with four feet to spare...
...Little Steadiness. The issue comes down to the question of whether or not the board's independence should be curtailed. Paul McCracken, Chairman of the President's Council of Economic Advisers, would prefer much less short-term monetary tinkering by the board. Like many others, he feels that the board would do better to pay more attention to developing long-term policies for steady economic growth. McCracken would also like to see the Reserve coordinate its policy more closely with the White House. He would probably not go as far as some former Johnson economists, who argue that...