Word: starting
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Dates: during 1960-1969
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...autonomous Bavarian branch, took on perhaps the most difficult portfolio of all: finance. Former Chancellor Ludwig Erhard's government in effect fell over the refusal of his Free Democrat coalition partners to go along with needed tax increases. But Strauss has less balky coalition mates. As a start toward wiping out the $1.5 billion deficit for the 1967 budget, Strauss did exactly what Erhard had wanted to do: increased taxes on gasoline and tobacco. The new political alignment made all the difference: Strauss's bill to collect an additional $375 million in revenues zipped through the Bundestag with...
Bikinis Ho. The jet rush is on, and no letup is in sight. The number of passengers through Honolulu airport has more than doubled in six years, and airline executives foresee an even greater escalation after the 490-passenger "Jumbo" Boeing jets start to fly in 1969. Some visitors flying tourist class pay only $100 for the five-hour flight from...
Easy Terms. For all three men, the Federal Government supplied the funds that enabled them to start their own businesses. With finances too meager for them to qualify for ordinary bank loans, they borrowed their capital on easier terms (51% interest, up to 15 years to repay) than many a blue-chip corporation could arrange amid today's tight-money pinch. The loans came from the Small Business Administration under Title IV of the 1964 antipoverty law, which aims at helping the poor in depressed neighborhoods to become self-employed and to put struggling little firms on a sounder...
...record shops, Laundromats, and even small factories. The big problem, says Sidney Shiff, executive director of the New York Small Business Development Center, which screens and funnels loan applications to the SBA, is to "give people the self-confidence to go into business for themselves. You can't start big, with grand programs. But when neighbors see that somebody's made it with a new store, they'll try harder." SBA Administrator Bernard Boutin vows to try harder too. As a start, he has ordered his staff to "go out into the ghettos" and find more people...
...predicted that there will be some Faculty opposition to the proposal. "There's a lot of concern that pass-fail will create pressure on students to take a fifth course, and start a trend away from the four-course system," he said...