Word: slowdowns
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Dates: during 1960-1969
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...humiliating about-face for the President; during his campaign he had attacked IMF as an economic intruder and recommended a "break in relations." Even more dismaying were the IMF's firm list of conditions for help in bailing out his nation: drastic curbs on government spending and a slowdown of the money presses...
...slowdown order came from the Secretariat of State, headed by Amleto Cardinal Cicognani, Vagnozzi's predecessor as Apostolic Delegate and one of Rome's most powerful conservatives...
Much of the slowdown stems directly from De Gaulle's dirigisme-direction from above-in the form of the economic stabilization plan imposed in September 1963 to fight inflation. By freezing most prices, curtailing credit and reducing tariffs, the government successfully slowed French price increases-which had been averaging 5% per year-to only slightly more than 2% in 1964. Another effect was to so discourage business expansion that the French economic growth rate, which De Gaulle aims to stabilize at about 5% annually, is likely to be only...
Edward Logue, director of the Boston Redevelopment Authority, voiced other criticisms of Johnson's suggestions. Logue evaluates the limited funds proposed for urban renewal as "very disappointing." "If this amount is approved by Congress, it will mean a slowdown in all our renewal programs," he said...
...drive all the way downtown without seeing the needle push above 40 p.p.m. During weekday rush hours, though, it sometimes hits a peak of 120 p.p.m. "It is most exciting," says Haagen-Smit. "You get behind another car, and the pointer goes way up, especially where you have a slowdown of traffic." Top readings come at the nightmarish interchanges, where curling roadways tangle like spaghetti on a fork and hundreds of car engines pant in frustration. "Tunnels and depressions concentrate the carbon monoxide," says the professor, "but in that interchange area it's really stinking...