Word: instead
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Dates: during 1960-1969
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...Having read Martha Mitchell's comments on protest, I just can't seem to escape the feeling that she is still upset over the American Revolution of 1776. After all, if the British government had only handled the situation firmly, instead of "catering to revolution," then that family deed from the King of England would still be valid...
...only a modest wage increase of 3% for factory and office workers and 4.6% for collective farmers. Nevertheless, Baibakov boasted that in comparison with 15 years ago, "every 100 families in 1970 will have 71 radios as against 61, 52 washing machines as against 21, and 32 refrigerators instead of only eleven." His list, however, could not mask the fact that progress in the crucial area of consumer goods has been disappointing; shortages persist not only in autos, refrigerators and small appliances, but also in even such items as table crockery and knives and forks. Soviet planners have also been...
...work. The Theology of Hope. "Christian faith strains after the promises of the universal future of Christ. There is only one real problem in Christian theology: the problem of the future." As Moltmann sees it, the churches have neglected that central point of Christianity almost completely, looking wistfully back, instead, toward a vanished primordial paradise. "The Church lives on memories," Moltmann writes in a second book, Religion, Revolution, and the Future, "the world on hope...
...truly original thinker, Friedman is the author of a dazzling variety of ideas about how nations should cope with myriad matters of public policy. On the question of the international monetary system, Friedman for nearly two decades has been urging the adoption of freely moving exchange rates instead of fixed rates. Now, after a series of monetary crises and devaluations, central bankers in the U.S. and abroad are giving serious study to a modified form of the idea. As early as 1942, Friedman began advocating a negative income tax as a substitute for the nation's demeaning and generally ineffective...
Businessmen are still borrowing expansively and betting on continued inflation. They figure that demand will remain high, and so they had better build plants and buy equipment now instead of waiting until prices go up still further. Despite dwindling profits, scarce credit and excess capacity, the Government's latest survey shows that businessmen plan an 11% increase to $71 billion in their investment for plant and equipment next year. Capital spending has been an important force behind inflation in recent months, and such an increase would add greatly to price pressures...