Word: spurred
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Dates: during 1960-1969
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Theoretically protected by $416 million a year in federal subsidies, the U.S. maritime industry has been drifting toward economic shipwreck for 20 years. Partly because the Government pays 72? out of every $1 in wages earned aboard subsidized ships, their operators have felt little spur to cut costs and improve services. Some of the sharpest criticism comes from the inside. Says Vice President Joseph A. Medernach of Moore-McCormack Lines: "The industry is one of the most backward, stodgiest and stuffiest businesses around...
...than intuition, are leary about sinking their savings into stocks. This fact has contributed to the generally depressed state of Europe's bourses and the difficulties that corporations meet in raising capital. Protected by their closed books, European firms get away with operations so inefficient that they would spur American stockholders to instant revolt...
...radical student movement would be a spur to this development, and even within the context of the war, Oglesby is cautiously hopeful of its success. He notes that SDS is growing rapidly even without a dramatic program, and that its opposition spirit has been strengthened, not crushed, by the growing war machine...
...Hazards. With no U.S. planes to harass them, 200 trucks daily-ten times the pre-pause average-moved war materiel southward. Routes 1A and 15 bustled with daylight traffic headed for Mu Gia pass, gateway to the Laos spur of the Ho Chi Minh trail. Men moved over the trail too-at least 2,500 during the pause, including 1,000 on Christmas Day alone. Some officials in Saigon unofficially numbered the infiltration at as many as 6,000, and they estimate that there are now at least nine North Vietnamese regiments, and possibly twelve, in the South...
...looks like the best-dressed city in Europe; saddlemakers and Savile Row tailors are backlogged with orders, and the average Briton feels that he is doing better than all right. Yet the island suffers from overfull employment (jobless rate: 1.4%), spiraling wages and sluggish productivity. To battle inflation and spur exports, Prime Minister Harold Wilson has sought to deflate domestic consumption by raising taxes and restricting credit. In 1965 the pound was thus defended and strengthened, and the trade gap was drastically pruned. Economic growth, however, dropped from 5.4% to 2.3%, and this year's prospect...