Word: traded
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Dates: during 1960-1969
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...fact considers politics to be a rather humorous calling. His politicians are not the hardened villains of the Washington Post's Herblock or the Los Angeles Times's Paul Conrad, but the hapless victims of their own personalities. Such is his inescapable fondness for the political trade that Oliphant goes out of his way to avoid meeting politicians for fear of blunting his needle. While lampooning Barry Goldwater during the 1964 campaign, Oliphant did not risk a personal confrontation until the election was over. He then found Barry to be, as he feared, a "marvelous...
...Mount is anathema to the Puritans because it is an enclave of happiness, fostering a live-and-let-live philosophy, indulging in such rites as dancing around the Maypole. Its leader, Thomas Morton, flauntingly lives with the daughter of the local Indian chief, and carries on a thriving fur trade with the Indians by the dangerous practice of selling them firearms and liquor...
Lately the inability to compete has been reflected ominously in the nation's traditional trade surplus-the excess of exports over imports-which has been the cornerstone of U.S. global economic power since World War II. From a peak of $7 billion in 1964, that surplus shrank 41% to $4.1 billion last year. So far this year, the record has been even worse. The first-quarter surplus fell to an annual rate of only $731 million, the lowest in 31 years; during March, the U.S. trade balance actually ran $158 million...
...York dock strike, and by steel stockpiling as a hedge against a possible steel strike in August. While the outlook for the year as a whole is by no means so dismal-Washington has all but abandoned hope of reaching President Johnson's goal of fattening the U.S. trade account by $500 million in 1968. Says a top Commerce Department official: "We'll be lucky if we can hold the '67 surplus...
Unless the U.S. can offset this prospective shortfall, it will lead to a rise in the dollar-weakening balance of payments deficit and renewed peril for the free world's monetary and trade system. Chances of improvement seem slim. Congress has shelved the President's proposals to curb tourist spending abroad; rising costs of the Viet Nam war could forestall Government promises to curtail its spending overseas. Thus, it was hardly a surprise last week when the free-market price of gold -a seismograph of foreign anxieties over the dollar-inched up to $39.60 per oz., its peak...