Word: swellingly
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Drags & Dividends. If, as Heller expects, the economy should keep growing annually at its present 41% rate, federal tax revenues will swell by $9 billion every year, and that will present a new problem of prosperity. Once the demands of Viet Nam are over, this surplus will be a "fiscal drag" that could lead the economy into recession, unless policymakers return the surplus to the people in the form of "fiscal dividends." Heller is less keen on tax cuts now; he has, in fact, been calling since early this year for strictly temporary and quickly reversible tax increases to frustrate...
...time to some candidates, such as Tennessee's Governor Frank Clement, who faced a close senatorial race with Senate Minority Leader Everett Dirksen's son-in-law, Republican Howard Baker. But most were disappointed. Whatever the degree of Johnson's popularity, a presidential visit usually helps swell the vote -and Democrats, who outnumber Republicans among the nation's 116 million eligible voters by a 2-to-1 margin, figured they would be hurt by a small turnout...
...Swell Swoop. "People," says Lakebuilder Thomas J. Perine, chairman of Indianapolis' U.S. Land, Inc., "have the same motivation to go to water as birds have to fly south in the winter." Perine, 34, is capitalizing on that motivation all across the country by building lakes, then selling off the land around them for residential resort use. The lakes are no little waterholes. The Four Sea sons project will have 288 acres of water in four lakes, with twelve miles of shoreline. Since hitting on the idea three years ago, Perine has already finished lakes of similar size outside Cleveland...
Perine starts with a rural valley near a metropolitan center that is fed by a fresh water stream which can be readily dammed. He makes his lakes in one swell swoop that takes less than a year and keeps speculators from driving up the prices. In that time, he puts in the roads and services and, as a fillip, adds country clubs, tennis courts and swim ming pools. Each project is carefully landscaped; there is some kind of permanent open space-lake, golf course or park-within a few hundred feet of every lot. To protect property values, deed restrictions...
...much of the increase can be traced to the two-year program. Harvard's Navy unit expects to swell from 74 to 126 this year, and mostly in two-year enrollments. The Air Force, composed of six cadets, now offers only two-year contracts, and has received 100 applications for summer camp. The Army expects similar increases, while the Marines generally follow changes in Navy enrollment...