Word: war
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Dates: during 1960-1969
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Peace Stocks. Besides bringing G.I.s home, the war's end would free other draft-age Americans to pursue normal civilian careers and resume buying autos and houses. Those possibilities are reviving talk in Detroit of 10 million-car sales years. On Wall Street, shares of companies involved in construction have become favored "peace stocks...
...transition would span at least several quarters, partly because plants making strategic stockpile items will have to keep running full tilt for a while to rebuild war-depleted inventories. Then, after Pentagon stocks were replenished, about 225,000 jobs at munition factories would be in jeopardy. New contracts-and the task of replacing some of the 2,690 planes and 2,608 helicopters destroyed in Viet Nam-would continue to keep aerospace firms fairly busy. They would not lose much more than $2 billion of their current $9 billion-a-year military aircraft business, and they might lose a great...
Debate over Dividend. The size and shape of the "peace dividend"-the resources freed to the nation by an end to the war-remains open to question. It would not be nearly as huge as claimed by those who blame all the nation's ills on Viet Nam. On the over-optimistic premise of a possible ceasefire early this year, Schultze projected a dividend that would grow from $8 billion in 1971 to as much as $40 billion a year in 1974 as the economy continued to expand. During his campaign, President Nixon mentioned a dividend figure...
...education. Before he joined the Administration, Economic Adviser Stein headed a Committee for Economic Development group that proposed spending most of the money to alleviate urban, racial and poverty problems. The group also recommended cutting the basic corporate income tax back to 38%, down from the "temporary" Korean War rate of 48%. In any case, debate over the peace dividend should lead to a valuable new appraisal of the nation's priorities-and its fresh opportunities...
...spent five years in Brussels, a businessman by grace of a family connection, but by nature a bohemian who spent much of his time "consorting with writers, painters, musicians." For three years in London he studied painting, "until I was rescued by the army." After the war, he joined BBC Radio and began to write...