Word: investment
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Dates: during 1960-1969
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...small doses, inflation can be an economic tonic, stimulating consumers to spend and businessmen to invest. Historians sometimes define the Dark Ages as 600 years of falling prices. The trick is to limit the price rises to about 2% a year or less, as was the case from 1960 through 1965. Over the last twelve months, however, consumer prices have jumped 4.3%, the greatest annual gain since the Korean War year of 1951. During October, the latest month for which statistics have been compiled, consumer prices rose at a frantic 7.2% annual rate. While the nation's output...
...political What's My Line?, the 30-minute production was a little flat; the news of the nominations had all dribbled out well ahead of air time. But as an indication of Nixon's intention to invest the Cabinet with more prestige and responsibility than most of its recent predecessors, the show was a good beginning. New department heads are rarely well known to the public; now Nixon's men are a little better known...
...feels like odd man out. "I've only got $2,500 to play with," says Hollywood Electrician Richard Johnson. "I know that's not much. But I've had to change brokers three times in the past year, and each time I've had to invest more than I wanted just to make a purchase. That's not right...
...explained partly by the fact that most of the more militant blacks had tired of confronting the administration. Those who had threatened a hunger strike the previous spring were now seniors. They had been pressing Wellesley for change for three years, and they were not eager to invest time and energy in an institution in which they were to spend only one more year...
...Will the U.S. economy continue to expand in the year ahead? One reliable clue can be found in capital spending, the money that businessmen invest in new plant and equipment. This year's outlay will reach about $64.5 billion, and until recently, forecasters had expected little if any gain in 1969. Behind the pessimism were two negative portents: capital spending fell by an annual rate of $2 billion in this year's second quarter; and in the third quarter, the nation's plants were producing at 83.3% of capacity, a five-year low. Even so, economic signals...