Word: bloc
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Dates: during 1960-1969
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...raised workers' compulsory monthly savings by 50%, reduced overtime pay, cut the sugar ration by a third, and curtailed practically all major industrial programs. Only military expenditures were increased, by $140 million to an estimated $1 billion, exclusive of some of the hidden barter arrangements with the Soviet bloc. Nasser also increased the price of beer (by 50 a bottle), cigarettes (50 a pack), long-distance bus and railroad fares and admission to movies...
...Willy Brandt succeeded in bringing the issue of British membership before the Market's Council of Ministers in Brussels. There French Foreign Minister Couve de Murville produced the novel argument that an enlarged Market might seem threatening to the Communist nations and thus cause them to reconsolidate their bloc, harden their line, and heat up the cold war all over again. Other council members scoffed at the idea, just as, in private, they more and more scoff at the capricious positions of De Gaulle. Said Belgium's Foreign Minister Pierre Harmel: "The European Economic Community is a living...
...doesn't really matter that much anyway. The petition provides a convenient issue for approaching people, but a Vietnam hearing is only the secondary goal of the CNC. The prime purpose is to activate politically anti-war Cambridge citizens, and mold them into an effective bloc. As Walzer puts it, "We want to stir up as many people as possible...
There are two lessons to be drawn from this intergroup backbiting. First, it is obvious hat the moderate-radical coalition which produced Vietnam Summer is an uneasy alliance. The moderates, like CNC, tend to concentrate in middle class areas trying to trying to build a peace bloc. But the radicals deplore electoral politics--they don't believe the U.S. will ever vote itself out of Vietnam. Since they are convinced that the System can't solve the problem, they seek the aid of those who will be most likely to take action outside the System. They organize in the ghetto...
...handle. Restrictions on interest rates (6% maximum in ten states, 7% in six) divert funds elsewhere. Only Government-backed mortgages, less than a fifth of the total, can be readily traded among investors. The 6% interest ceiling on FHA and VA loans, handiwork of the congressional easy-money bloc, not only makes some investors shun them but also gives rise to the unwelcome system of "discounts" to lift yields. Mortgages' cumbersome complexity keeps their interest cost to home buyers higher than need...