Word: tightness
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Dates: during 1960-1969
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Fairbank: I think we've got every possibility if we can maintain a correct posture--get into a better posture--to sit tight within certain limits and wait for a break, wait them out. This is not our strong point. We're all for action. We're people who want to get results, and waiting out the Chinese revolution is a tough assignment...
Follow the River. "The standard thing is to feel in the gut that middle-class values are all wrong," says a West Coast hippie. "Like the way America recognizes that Communism is all wrong." They feel "up tight" (tense and frightened) about many disparate things -from sex to the draft, college grades to thermonuclear war. Hallucinogenic drugs like marijuana and LSD, they believe, are the knives that cut those knots. Once unleashed, most hippies first become insatiable hedonists, smoking and eating whatever can turn them on in a hurry; making love, however and with whomever they can find (including "group...
...first half of 1967 had performed "more sluggishly than we anticipated" and "is not advancing too rapidly today." Still, he forecast a hot second half. Said he: "A strong revival of demand is on the way -one that will produce either unacceptable inflationary pressures or a return to tight money, or more probably both, by early next year at the latest." Only a 1967 tax increase, by Ackley's recipe, will forestall such a future. Yet he an- noyed the committee members by refusing to be pinned down about either the size or the timing of the tax increase...
Tapping the Oyster. Having more than tripled its earnings in five years (to $158 million in 1965), Caterpillar slipped slightly last year. As a capital-goods manufacturer susceptible to economic swings, Cat suffered during the recent downturn from lagging construction, tight credit and curtailment of federal road-building projects. By 1970, however, a four-year, $600 million expansion program will be completed to meet an anticipated surge in worldwide construction, and land development. Says Chairman Blackie: "We have adapted our organization in a manner which treats the world as our oyster...
...Administration put it a few days ago. "I haven't found anybody up here in quite a while who will defend the Administration's policy right down the line." This mounting "dovishness" puts partisan Democrats in a tenuous position; the national leader of their party will be in a tight election next vear, but should he defeat his Republican opponent, he might interpret his victory as a mandate for his present Vietnam policy...