Word: gradually
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Dates: during 1960-1969
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...major installations abroad, in addition to the 476 at home. Altogether, there are 3,400,000 Americans in uniform, plus nearly 1,000,000 paid reservists. Few responsible critics argue that this force should be instantly reduced. But once the war in Viet Nam is ended, selective and gradual reductions at home and in such places as Korea, Okinawa and Germany would probably be both possible and prudent...
Disillusioning Revelations. Baltimoreans have mixed feelings about the Block's gradual demise. City Council President William D. Schaefer has supported its continuance. But Police Commissioner Donald Pomerleau claims to have dissuaded Schaefer. "I told him," says Pomerleau, "that there is the most base, gross conduct over there and there is no place for the Block anywhere in the city of Baltimore." Investigations of organized crime in the city have uncovered a $10 million-a-year numbers empire operating out of the Block and linked several club owners to nationwide betting syndicates. These revelations have disillusioned many Baltimoreans...
...Morgan Guaranty Trust Co. took the reluctant first step. The bank is, after all, well attuned to credit pressures. A leading corporate lender, it was one of the banks most severely squeezed in the "credit crunch" of 1966. This time, the Federal Reserve Board's policy of gradual "disinflation without deflation" has kept U.S. banks at some distance from anything like the 1966 crisis. Though forced to pay interest as high as 81%, the banks have been able to bring home some $2.4 billion in "Eurodollars"-or about one-fourth of the U.S. dollars on deposit in foreign branches...
Whether the present mix of fiscal and monetary policies will bring the "gradual" economic slowdown that the Administration wants should be known in a few months. Most taxpayers will be painfully reminded in mid-April that not all of last year's 10% income tax surcharge was covered by their withholding taxes. The federal budget will soon shift to a slight surplus after three years of inflationary deficits. At this point, top Administration officials figure that present measures will begin to bring inflation under control-perhaps without another dose of higher interest rates...
...attractive to many on its face, in practice and in the long run it would tend to damage--no improve--the housing situation in Cambridge. The rate of increase of rents might slow but this slackening would not be universal, and it would be at the cost of a gradual dilapidating and stagnation of the City's housing stock...