Word: spurred
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Dates: during 1960-1969
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With a general election probably coming next year, most Britons expected Chancellor of the Exchequer Reginald Maudling to produce a bonanza budget designed to spur the lagging economy and win back the voters who have drifted away from the Tories in recent months. But hard-headed Maudling. 46, was determined not to risk a burst of inflation that might bring back the old familiar balance-of-payments problem and weaken the value of the pound sterling abroad. Between stagnation and never having it so good he chose a middle road...
...than 5,000,000 sq. mi., or almost half as much again as the U.S. Middle East Bureau Chief George de Carvalho has seen a great deal of it in recent weeks, and though this adds up to a lot of sand in his eye. he has had the spur of a news story that has come alive in half a dozen spots at once...
...slipped from 30% to 24% in two years. G.M. has cleverly helped to build its sales on the racing victories of Pontiacs and Chevrolets entered by dealers or private drivers. Until recently. Ford held back; now it intends to fight G.M. on the track, hoping that victories will spur its sales...
...week, for example, he invests all but what the building costs him as it goes up, earning interest on every dollar as long as he can. Some treasurers-such as those at Alcoa and Deere & Co.-have even set up their own sales financing subsidiaries to spur sales of their firm's products, and incidentally give them another profitable way to use its cash. "Every piece of asset-whatever it is-must be at work," says Union Oil Treasurer L. B. Houghton...
Britain had been half waiting for the Common Market membership to galvanize its torpid economy and to bring inefficient British industries into line. Now the job had to be faced without such a spur and opportunity. To cut costs and make British goods competitive in world markets, argue government planners, the nation will have to raise its productivity, give new tax incentives to exporters, even resort to such politically risky measures as imposing tight ceilings on wage and dividend increases. Britain also lags in its capital investment rate, and Chancellor of the Exchequer Reginald Maudling, shrewdly noting Charles de Gaulle...