Word: spend
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Dates: during 1960-1969
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...Mayor Sam Yorty has turned down OEO demands that he accept representatives of minority groups, private welfare agencies and "the poor" on his anti-poverty board, which administers the program. To do so, says Yorty, would be to give nonelected private citizens the power to determine public policy and spend public money. Anti-poverty officials in Washington, who under the 1964 Economic Opportunity Act are authorized to channel federal funds to private groups, are withholding $22 million in funds from Los Angeles...
There seemed to be little question that Reese did in fact use DCVL funds. Whether or not that constituted embezzlement remained for the courts to decide. Reese and others claimed that DCVL's board of directors last spring authorized him to spend the money in the expectation that his civil rights activities would surely get him fired from his job as a math teacher at Selma's all-Negro Hudson High School. Reese was, indeed, fired last month. However, he had neglected to explain the DCVL board's authorization to the organization's steering committee, which...
...students joke: "If you drop a pencil in class and take time to pick it up, you've lost an hour's material." Classes run for six hours a day five days a week, interrupted by two two-week vacations throughout the year. Students are expected to spend three hours or more daily on homework...
Such prospects have inspired some Government economic advisers to call for still further slashes in income taxes and, on top of that, a step-up in federal spending. Asked at his weekend press conference about the possibility of additional tax reductions, President Johnson said that Treasury Secretary Henry Fowler and the tax experts are "working on it." Fowler would not be a bit surprised to see another tax cut, especially favoring lower-income groups. Treasury's top man also expects a budget surplus in a few years, but is not overly concerned about the necessity of finding ways...
...actually rose before the recession in 1957; it did, however, drop sharply prior to the 1960 recession. Stocks crashed in 1962, but the economy scarcely paused. There is a point when a deep and lengthy market drop can induce businessmen and consumers to save instead of spend, thus precipitating a recession. Washington's economic policymakers do not believe that matters have yet reached that danger point, and, if talk can do the job, they do not intend to let them reach...