Word: takings
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Dates: during 1960-1969
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Flat Sales. "I've been looking for this kind of evidence for some time now, but I still want another month before I take out the trumpet and start to blow it," said William Butler, vice president of the Chase Manhattan Bank. His caution was echoed by other business and Government economists. The leading indicators, however, reveal a significant slowdown in construction, commitments for new plant and equipment and general investment activity. Retail sales have flattened in recent months, and the actual volume of sales-discounting inflation-has not risen at all over the past year. The evidence suggests...
...committed itself so deeply to textile quotas, however, that the issue has become a test of its credibility. During his campaign, Nixon promised Southern voters that he would press for quotas, and now many businessmen believe that he owes them some import protection. The Administration has threatened to take unilateral action if it cannot persuade Japan and other trading partners to accept "voluntary" quotas. U.S. action could involve the revoking of textile-tariff concessions that have been granted in the past, or Congress could legislate quotas. Either way, a worldwide trade war might result, provoking retaliation not only by Japan...
...control in 1968 of France's Citroën, which makes some of the world's most advanced mass-produced cars. In the long run, Fiat may profit more from Citroën's engineering techniques than from Ferrari's expensive elegance, but Agnelli can take pride in sustaining an incomparable piece of automotive history...
...quick rundown, Spender typecasts French student-rebels as "romantic," West Germans as "theoretic" and Americans as "hysterical." Columbia's wildly improvising white students ("Let's take a hostage!") he accuses of being more neurotic than the blacks, who, he says, had limited but precise objectives. He chides students for being in love with revolution-"perpetual change, perpetual spontaneity"-for its own sake, as if it were a marvelous formula for releasing all the virtues, including love. On the other hand, Spender complains, given half a chance student-reb els go all brisk, like "frustrated bureaucrats." (As he observes...
...rebels, who vacillate between instant saintliness and instant power, Spender-like most other observers-finds dangerously ill-informed. He is inclined to agree with Raymond Aron's judgment: "More sympathetic than the Communists, they are their intellectual inferiors." In matters of hunger, illiteracy and overpopulation, "they seem to take very little interest." "Students who attempt to revolutionise society by first destroying the university," Spender adds in a warning, "are like an army which begins a war by wrecking its own base...