Word: walls
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Dates: during 1960-1969
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...this season is going, a horse-or at least his hide-will get to the moon before a man. In one game last week, Braves Outfielder Hank Aaron, no heavyweight, twice flicked his wrists and twice sent liners whistling high over Atlanta Stadium's 400-ft.-deep leftfield wall. In Washington, awed witnesses reported that a drive hit by Senators Outfielder Frank Howard was still climbing when it caromed off the centerfield seats 480 ft. from home plate and 75 ft. above the ground. In Baltimore, the Orioles' Frank Robinson topped even that by becoming the first player...
...worries are reflected primarily on Wall Street, repository of the hopes and dreams of 100 million Americans who directly or indirectly have a stake in the stock market. Vexed by the vagaries of Viet Nam, jittery about symptoms of inflation and talk of higher taxes to come, the stock market has dropped 119 points since it scaled an alltime peak of 995.15 on Feb. 9.* Two weeks ago, the slide gained speed with a surprise announcement from Detroit that General Motors was cutting back production. The market lost 26 points just after the news came...
Last week there were more brakes in Detroit and another break in Wall Street. Ford, though its sales in April were 4% higher than it had projected earlier in the year, said that it would assemble 18,000 fewer cars this month than it did last May. Chrysler reported sales down 13.6% in the first ten days of May, said that it would idle two plants for four days between now and June 30. Then G.M. reported that its April sales fell 24% from last year's record rate. With all that, the stock market dropped another 27 points...
Changes of Mood. General Motors' troubles and Wall Street's gyrations crystalized a distinct change of mood on the part of the American people. For 62 fat months, prosperity has fed itself because Americans have spent, lent, borrowed and invested with confidence. They have felt correctly that jobs, production, profits and paychecks would continue to go up and up. Now, uncertainty has replaced confidence with disconcerting suddenness, giving rise to a number of disturbing questions. Is the boom over? Is the long postwar bull market finished? Does the nation face recession, or inflation, or perhaps both...
...corporations have developed a vast appetite for dollars already in foreign hands. So far, 27 companies have borrowed some $525 million overseas, and this year they are consuming two-thirds of the world's long-term dollar loans beyond U.S. borders. One result: Western Europe has eclipsed Wall Street as the leading market for international bonds...