Word: worsteds
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Dates: during 1960-1969
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...that tight-money policies are succeeding in cooling the economy. If the Board instead concludes that lower rates signify that the nation's money supply should be tightened even more, the resulting squeeze on banks could have serious repercussions. Bankers are not alone in believing that, at the worst, additional tightening could provoke a recession. Raymond J. Saulnier, Eisenhower's last chairman of the Council of Economic Advisers, warned last month that "we are as close as it is safe to get to the outer limits of monetary and credit severity...
Last week, beneath the fortress where Protestants and Catholics fought one another 280 years ago, religious warfare erupted again in Northern Ireland. In the worst outbreak of sectarian violence since Ulster was severed from the newly partitioned Irish Free State in 1921, bitterly divided Catholics and Protestants battled one another first with rocks, then with Molotov cocktails, and finally with savage gunfire. Despite the deployment of British troops, the first to be used against Irish rioters since the Black and Tans of half a century ago, armed clashes spread swiftly to at least ten cities and towns. At week...
...restore order. There were hints that Chichester-Clark might decide to invoke Northern Ireland's Special Powers Act, which could enable police to undertake mass arrests and detentions. At best, however, such wholesale roundups could lead to nothing more than a temporary cooling-off period. At worst, since most police are Protestants, they could simply compound Catholic panic and resentment. Britain's direct involvement in its new Irish "troubles," belated and reluctant as it was, provided the only measure of relief. That involvement may well increase substantially, and perhaps indefinitely, before any kind of normalcy can return...
...deal with trustees whose unquestioned talents are too often diverted to their own eminent careers. While some Columbia graduate schools have become untouchable fiefdorns, the high quality of some academic departments (sociology, government, philosophy) has declined. In average faculty salaries, Columbia now ranks a mere 25th among U.S. universities. Worst of all, Columbia expects an $11 million deficit next. year. The new president will have to raise that much just to break even, then raise more to pay for higher salaries and capital improvements...
...spiritually and morally, a 'new man.' " The editorial somewhat ambiguously cited "elements of interior forum" that must be considered-which some Vatican insiders interpreted as strong encouragement for the bishop to examine his conscience and then resign his post in the interest of the church. Perhaps the worst aspects of the Defregger imbroglio are its repercussions in the religious life of Germany. For the first time in years, the German Evangelical (Lutheran) Church has broken a carefully maintained harmony with the Catholic hierarchy to criticize Catholic handling of the case, and the prestige of Cardinal Döpfner...