Word: v
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Dates: during 1960-1969
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...combination of Government v. private borrowing," cautioned Walter B. Wriston, president of First National City Bank of New York, "already has caused interest rates for everyone to rise. It will get worse, much worse, in the absence of the tax surcharge." And Sidney J. Weinberg, a senior partner of Goldman, Sachs & Co., prophesied "catastrophic developments in capital and credit markets" without...
...trouble with that definition and the reason why the word has fallen into even deeper disrepute was noted as far back as 1905. Handing down the opinion in the case of Chicago Board of Trade v. Christie Grain, in which the court ruled that commodities trading and the Board of Trade served a legitimate purpose, Justice Oliver Wendell Holmes sagely commented that when competent men engage in speculation, it is "the self-adjustment of society to the probable." But he added that its pervasive peril surfaces when "the success of the strong induces imitation by the weak, and incompetent persons...
...commodity pits, where the action is faster, the risks greater and the rewards fatter, records have piled up also. Helped by the lower margin requirements-5% to 15% v. the stock market's 70%-speculators are busily buying or selling 37 kinds of commodities ranging from wheat and sugar to orange juice and torn turkeys. Last year a record 10,460,000 contracts were bought and sold; the rate this year is almost the same. Traders lured by the idea of making $10,000 out of pork bellies on a $700 investment constitute a surprising cross section of America...
...burgeoning youth market, they tackle Ford's successful Mustang head-on with the pitch that the Javelin, while similarly priced (about $2,500), offers such values as contour bumpers, bigger engines and more leg room. To dramatize the car's jumbo gas tank (19 gallons v. the Mustang's 16), one television commercial shows a gang of toughs-"Hey hood, look at the hood!" their leader shouts-siphoning petrol from a parked Javelin. A magazine ad goes even further in highlighting the Javelin's supposed advantages by picturing it side by side with a Mustang-even...
...sporty styling and intermediate size. Marketed with the Fairlane line, the Torino features the elongated hood and abbreviated rear end that has caught on in the specialty cars; it comes in hardtop, sedan and station wagon, as well as a racier "GT" model equipped with a 210-h.p. V-8 (engines with up to 390 h.p. are optional). The standard Fair-lanes have also been streamlined, their bodies stretched out by a full...