Word: throughness
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Dates: during 1960-1969
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Some of the loopholes were deliberately allowed to stay open, authorities admit. Federal Reserve officials feared that if they had closed every gap in the regulations, some banks might have failed. In a banking system based on confidence, that might have touched off a financial panic, something that the Federal...
The stock market, a leading indicator that often foretells the economy's performance in months to come, shuddered through a disastrous year. The Dow-Jones industrial average dropped 19%, from a May high of 969 to a December low under 784. The conglomerates took a beating; LTV and Gulf and...
Friedman and some other forecasters believe that the U.S. next year will go through an "inflationary recession." There is almost no way that the U.S. can avoid simultaneous increases in both prices and unemployment; the question is just how bad those rises will be. "Never has a U.S. inflation of...
In the decade that opens next month, thoughtful business leaders realize they face responsibilities that go beyond the traditional definition of business, and they seem ready to do more than merely pay lip service to them. Next to inflation, recession and the need to end the Viet Nam War, the...
Once the newspapers published their first dispatches about Willie and Lolita, rumors spread of a full-scale Indian uprising. It was said that Willie was out to assassinate the President. Someone dubbed him "the mad dog of the Morongos"-and he was hunted like one. Willie covered almost 500 miles...