Word: umbrellas
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Dates: during 1960-1969
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...millions of families who tried to buy or sell a house last year learned to their dismay, mortgage credit is something like an umbrella that collapses when it rains. Three times since 1950, the output of new housing has dived after the Federal Reserve tightened up on money to thwart inflation. No other major U.S. industry is quite so vulnerable to swings in monetary policy. Last year the money squeeze gave housing its worst setback since World...
Under the Umbrella. All the effort has produced concrete results. In 1965, total crime in Indianapolis dropped 2.2%, while rising at a rate of 6% throughout the nation. Last year, although crime rose in the city by 5.2%, that was less than half the national surge of 11%. Meanwhile, Margaret Moore, former editor of a small-town Indiana weekly, who joined the News in 1952 after nine years as director of the Franklin (Ind.) College journalism department, keeps on working. The News, which pumped $6,000 into the Crusade last year, refuses to take credit for her accomplishments. Says Editor...
Later, Hussein admitted that the "vast umbrella" over Jordan had been entirely Israeli. Nasser, however, stuck to his story to the end, insisting that "three times as many" planes as Israel possessed had engaged the Arab forces...
...will not intervene even if the North Vietnamese collapse." Just as in the case of Korea, it is easy to hope that it is impossible for China to intervene. She is preoccupied domestically, her army is poorly equipped by modern standards, she has no respectable air force or nuclear umbrella, and so on. These arguments were even more valid in 1950 than they are today. Nevertheless, China did intervene in Korea. Until recently, Washington was convinced that China would intervene if Hanoi collapsed; now Washington begins to doubt. But it is not China's policies or her national interests which...
...Fair Balance." For textiles, the U.S. granted only 20% reductions, but of the 5,700 dutiable items on the nation's present tariff schedules, only 211 were excluded entirely from the negotiations (among them: petroleum, sheet glass, zinc, lead, safety pins, umbrella frames, briar pipes and baseball gloves). The Common Market kept such items as heavy commercial vehicles and computers (except for those using punch cards) out of the dickering. Jean Rey, the Belgian chief negotiator for the Common Market, called his group "extremely satisfied" with the outcome-a reaction echoed by most governments. Secretary of State Dean Rusk...