Word: soon
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Dates: during 1960-1969
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...maintain control. In Washington, D.C., for example, one elderly woman teacher was kicked in the shins so severely that several operations were required to remove blood clots in her legs. Yet instead of upholding her, the principal labeled her a "troublemaker." Students, realizing that punishment is unlikely, are soon out of control...
Oilman first made contact with the FBI nearly two years ago, after becoming "concerned" about activities he observed in his job that he "considered to be a threat to the security" of the U.S. He soon found himself on the FBI payroll at about $150 a month, plus expenses. Whenever he heard of "a subversive Communist front organization, the S.D.S., or how a bunch of radicals-I knew most of the radicals -were going to burn their draft cards, I would call the FBI." He tried, he says, to keep his news and FBI work separate, but as his Bureau...
Died. Robert E. Wood, 90, soldier turned merchant king, who built Sears, Roebuck and Co. into the world's largest merchandising concern; in Lake Forest, Ill. A West Pointer (1900) who rose to brigadier general, Wood had one motto: "Let's charge!" And charge he did soon after he joined Sears as a vice president in 1924. Within four years he was president, and what was previously a rural mail-order house swiftly expanded into retail stores, insurance and financing. One of Wood's wisest moves was pioneering an employee profit-sharing plan that now owns...
...tight money. Presidential Counselor Arthur F. Burns, who is scheduled to become Federal Reserve chairman in January, said last month that "we will not budge." Simultaneously, however, Labor Secretary George Shultz began arguing for an immediate but moderate expansion of money and credit. Though he lost the argument, he soon may gain an important ally. Paul McCracken, chairman of the President's Council of Economic Advisers, believes that the severely restrictive policy has been correct so far, but now he is beginning to wonder whether the time has come to advocate some loosening. He admits that the present monetary...
Keep Them Guessing. The ultimate decision will be left to William McChesney Martin, the outgoing Federal Reserve chairman, who has a reason to favor continued stringency. Twice since 1966, Martin's board has made major errors in expanding the money supply too much and too soon. The Fed committed its worst error in mid-1968, when it increased the money supply by 14% to counteract the expected deflationary effects of the surtax. That action sharply accelerated the current inflation. Martin now wants to restore his reputation as a sound-money man by making sure that inflation is effectively constrained...