Word: dividends
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Dates: during 1960-1969
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...Nixon Administration a budget surplus as a means of cooling off the economy, and throw the whole burden of combatting inflation onto a continued tight-money policy-to the distress of both home buyers and businessmen. In the longer run, a tax cut would absorb much of any "peace dividend" from lower spending on Viet Nam, thus dissipating funds that are needed to meet the pressing needs of the cities...
There is an irony- intentional or not- to these priorities. Both major parties now agree that the problems of the cities have enormous price tags and must await the end of the Vietnam war. The peace dividend, however small, must be forthcoming before the nation commits itself to more expensive programs. Urban problems are believed expensive because Americans visualize them as deficiencies in physical capital-buildings that must be turndown, highways that must be built. Yet the problems that Moynihan finds most critical cost relatively little money. Their real costs are political and social, in amounts neither the Administration...
...most In address, Watergate. When word of the sale leaked out, jitters swept the Milan stock market; brokers feared that a liquidation of Vatican securities holdings might depress stock prices generally. Italian newspapers speculated that the Vatican was pulling its money out of Italy to avoid paying a dividend tax that has been a source of contention between the Holy See and the government...
...Nixon proposal, announced last July, would have the Federal Government guarantee a minimum welfare dividend to needy families, on the condition that all those able to work either obtain employment or enter work training programs...
...Another spokesman scored, the plan's proposed outlays as inadequate to the needs of the poor. "This is where we exit from," said Ray Hurley, national representative of MWRO. "$5500 [for a family of four] not $1600[the proposed dividend...