Word: spree
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Armed with their cash bribes, many first went on a spending spree for what passes for luxury goods in China. As a result, sales of watches, radios and cotton goods were belatedly banned, and the Maoists issued orders freezing wages and bank withdrawals. In Shanghai, where Mao backers and anti-Mao farmers fresh from the country confronted one another, the anti-Mao city authorities were accused of trying to withdraw more than $400,000 in funds at a stroke. Trying to get the country's industry running again without its regular workers or managers, Maoist students took over...
...minutes every afternoon, traders mill around a closed-off corbeille on the Paris Bourse to buy and sell gold for French banks. Much of the activity centers on a hoary, 20-franc gold piece known as the Napoleon-and when the market opened last week, an unprecedented buying spree sent the Napoleon's price soaring to its highest level in 15 years. At 50.4 francs ($10.29), the coin was selling for a whopping 57% more than its gold content is worth at official world prices...
Days Off. Behind the threat of recession lies the reality of inflation. For years, West Germany's unchecked economic boom resulted in a spending spree on the part of consumers and government that kept prices moving steeply upward. To make sure that it could keep pace with demand, German industry hoarded workers, thus aggravating the already acute labor shortage...
...later on for overusing it. Despite their waning hopes that Johnson would raise taxes, the Fed's governors kept rapidly increasing the supply of money during the first part of 1966. Businessmen, eager to expand their overworked plants, hired more employees and built inventories, went on a borrowing spree and were willing to pay a premium price for money. Loans to business - which usually flatten out during the first half - actually jumped by $7.5 billion, or almost...
There are no such guarantees for CB arms, Meselson maintains. Although they are not cheap now, they will be once the pioneering stage is completed. The result, he suggests, could be disastrous. "Today, a madman in America might climb to the top of a tower for a shooting spree, or put a bomb in an airplane. But if CB weaponry were conventional, maniacs would constitute an enormous threat. An insane man could wipe out New York City...