Word: somber
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Dates: during 1960-1969
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Johnson greeted them with somber words. "The time has now come," he declared, "for decisive action to bring our balance of payments to-or close to-equilibrium in the year ahead. The need for action is a national and international responsibility of the highest priority." Continued deficits, he warned, could "endanger the strength of the entire free-world economy and thereby threaten our unprecedented prosperity at home...
...carrying him had dropped from a peak of 110 in 1963 to 75, it included more large metropolitan dailies. Replacing Goldwater in the Times is none other than Everett M. Dirksen, who will write one column a week. For his debut, Dirksen muted his usual flamboyance and delivered a somber little lecture on international politics. Even though India is "liberal and leftish," he wrote, even though she has seized tiny Goa, harassed Pakistan and hobbled free enterprise, she has one thing going for her: size. Therefore, suggested Dirksen, U.S. economic aid should be continued...
Some money men think that such efforts cannot continue for much longer. As somber as L.B.J. was sanguine, First National City Bank Chairman George S. Moore last week told a National Association of Manufacturers meeting in Manhattan that the sterling crisis only showed that "the dollar is at bay." Before long, he warned, rising inflation, the "virtually out of control" budget deficits and the deepening balance-of-payments problem might force the U.S. to devalue by raising the $35 gold price, which it has maintained since...
...increase, which is not, as Chairman Gardner Ackley of the White House Council of Economic Advisers quipped last week, "the complete remedy for every ill including the common cold." But Ackley, from rostrums in Los Angeles and Manhattan, spelled out the Administration's case in somber detail. Without higher taxes, he warned, the nation faces "potentially serious trouble" with "price increases and soaring interest rates." On top of that, Ackley forecast "a deteriorating trade balance and new weakness in housing alongside a possibly unhealthy boom in investment, inventories or even consumer spending on durable goods." A tax surcharge, Ackley...
During the Stalin period, most Russians managed to acquire an official self that they presented to all but their closest friends: they were Bolshevized into becoming suspicious, stilted and somber in their dealings with others. Today's less cruel but still existing repression, says Princeton Historian James Billington, "breeds exasperation and contempt more than terror." But if the Russian is somewhat more open now, he is still burdened by what University of Toronto Sociologist Lewis Feuer calls "socialist pessimism": the feeling that frustration, pain and deprivation are in the nature of things and that nothing can be done about...