Word: corset
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Dates: during 1960-1969
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...Tight Corset. As Robert Ball, TIME'S European economic correspondent, reports: "The root of last fall's crisis, the fundamental imbalance between the robust West German mark and the weak French franc, has not been lastingly removed. The tight corset of exchange controls is all that is holding the franc up. Though the controls have impeded any further outflow of francs from France, Paris has failed to lure back the bulk of hot money that it had previously lost. In Europe, the skepticism about France's chances of avoiding devaluation is widespread...
Twin Perils. Few bankers expected another boost so soon. And the Fed's surprise move amounts to a monetary corset for the fattening economy. "We are in the midst of the worst financial crisis since 1931," said Reserve Board Chairman William McChesney Martin. The nation, he maintained, faces "uncontrollable inflation" or an "uncontrollable recession" because of an "intolerable balance of payments deficit side by side with a budget deficit...
...another record, reaching an annual rate of $659 billion. Though the total economy expanded by $20 billion, 40% of that record growth was mere inflation. If that continues, along with balance of payments and budget deficits, the Federal Reserve may well feel forced to cinch up the monetary corset still tighter...
Brose is equally candid with the personnel director, Mrs. Murray (Elizabeth Wilson). Mrs. Murray is a corset-bound volume of Freudian clichés. She is both primly inhibited and latently lecherous, and Brose sniffs out the strange musk of her personality: "Like when you said what was my relations with my mother, I just couldn't stop myself saying 'son'; it came straight out. I've been wondering what the proper answer was, her being dead...
...Including power tools, die presses, diesel engines, certain metals and industrial chemicals-as well as corset stays and hog troughs, firemen's hats and bathtub stoppers, arsenic and lace, popcorn and canned hominy...