Word: siphon
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Dates: during 1960-1969
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...from its lonely depression, thanks to lower interest rates and a renewed flow of mortgage money. Lately, however, mortgage rates have rebounded more than two-thirds of the way back to their 1966 heights. If the rise in interest rates continues, as many analysts expect, it can only siphon funds away from mortgages again. Warns John G. Heimann, vice president of the Manhattan investment-banking firm of E.M. Warburg and mortgage consultant to Housing Secretary Robert C. Weaver: "The fragmented, highly specialized mortgage system, responsible to so many agencies, has fallen behind, never to catch...
Wallace ticket could siphon off many Yorty votes and even come out ahead. Wallace pulled between 29.8% and 42.8% in three 1964 presidential primaries largely because of racial backlash; in a Referendum the same year, California voters went against open housing, 2 to 1. A Wallace plurality would not endanger Johnson's renomination, of course, but it would be a serious blow to his prestige in a year that promises to be tough enough for the Democrats nationally...
...explains that he does not want to "peak too fast," but his campaign plainly suffers from haphazard organization. Moreover, he has to contend with the candidacy of Franklin Delano Roosevelt Jr., who became the Liberal Party's gubernatorial choice after losing the Democratic nomination, and is sure to siphon off votes that would otherwise have gone to O'Connor. To compound O'Connor's woes, Rockefeller's progressive record, notably an increase in the state minimum wage to $1.50, has cost the Democrats some of their customary labor support. The 250,000-member Building...
...Memphis office, Matthews keeps detailed files on property in every sizable U.S. city, looks with an especially sharp eye for anything "adjacent to the largest hotel in town." With few public rooms, small staff and relatively low capital investment, Downtowners can substantially undercut hotel room prices, thus siphon off an instant clientele. So far, the Downtowners have been keeping things hot for hotels mainly in smaller cities. As Vice President Ronald Kirkpatrick, 33, sees it, that is only the beginning. "We have been in training," he says. "Now we're big enough to take on New York and Chicago...
...been hoped-or feared. Church officials had predicted 700,000 pilgrims, while Communist authorities, concerned that the demonstrations might fan the coals of antigovernment resentment, had made elaborate plans to tamp down a turnout that they believed could top a million. Two major football games were scheduled to siphon off Poles who might otherwise make the pilgrimage. And more than 300,000 workers in the nearby city of Katowice turned out-on government orders-to attend a patriotic rally, while for most of the rest of Poland, May 3 was officially a regular school and working...