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...billion through bonds and other debt securities in 1967, almost half again as much as a year earlier. State and local borrowing also rose sharply. In the second half of the year, increased federal spending sent the Government heavily into the market as well, forcing the Federal Reserve to stoke the money supply by 7% and bank credit by an even more inflationary 12% to make sure that the U.S. Treasury could borrow enough to cover its deficit. The appetite for cash lifted interest rates to psychedelic highs. Some new issues of corporate bonds brought nearly 7%, a 100-year...

Author: /time Magazine | Title: Business: -BUSINESS IN 1967-THE NERVOUS YEAR- | 12/29/1967 | See Source »

Susan Channing as Josie Mansfield is perhaps too sophisticated given Mayer's dialog, but in the third act she is genuinely moving, and always extremely beautiful. As Ned Stokes, Fisk's romantic rival and assassin, Kenneth Shapiro skillfully conveys youth and attractiveness, while remaining intrinsically hollow and middle-class. Mayer knows that Stoke's aspirations to Fiskdom are pathetic and inevitably doomed to failure, and Shapiro gets this across...

Author: By Tim Hunter, | Title: Prince Erie | 12/8/1967 | See Source »

...more familiar Dow-Jones industrial average gained 13 points to 882.05, up only 12% for the year, leaving it far below its February 1966 peak. The Dow-Jones lag reflects the profit squeeze that has hit blue-chip manufacturing firms-a squeeze that only helped to stoke investors' interest in smaller, more volatile issues on the American Exchange...

Author: /time Magazine | Title: Wall Street: Gamblers' Market | 7/21/1967 | See Source »

...that was inaugurated by Founder Josiah. Interested in export business as well as foreign affairs, the 18th century visionary saw the potential of the colonies and endorsed the French Revolution as he had the American Revolution before it. At home, he applied advanced industrial techniques at his factory near Stoke-on-Trent, where he taught workers the art of creating finely glazed bone china...

Author: /time Magazine | Title: Britain: Improving with Age | 5/26/1967 | See Source »

Within the week: Actor George Hamilton, 27, was reclassified 1-A and said, "I will go whenever and wherever my country sends me"; Stoke I y Carmichael, 25, head of the Student Nonviolent Coordinating Committee, was reclassified 4-F, saving him the trouble of keeping his promise not to serve if called; Heavyweight Champion Muhammad Ali-Cassius Clay, 25, his appeals exhausted, was ordered to report for induction on April 11, and said he'd rather die first...

Author: /time Magazine | Title: People: Mar. 24, 1967 | 3/24/1967 | See Source »

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