Word: currents
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Dates: during 1960-1960
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...even more rarely invited the brass to his home-a modest, $50,000 English Tudor house near the University of Michigan campus in Ann Arbor, far from the mansions of most other auto executives in Bloomfield Hills and Grosse Pointe. An ardent mountain climber, McNamara reads widely and well (current choices: The Phenomenon of Man, W. W. Rostow's The Stages of Growth), urges his favorites on often bewildered fellow executives. His mind, says a friend who has seen him in Ann Arbor discussions, "is a beautiful instrument, free from leanings and adhesions, calm and analytical...
...star with Rex Harrison in a film titled The Oldest Confession. On hand to chaperone Rita and Rex, who will be playing a married couple in the "suspense comedy," will be the film's producer, James Hill, who happens to be Rita's fifth and current husband...
...carried by humans (who very rarely contract it), birds, wild animals, frozen meat and even the wind. To combat its dread effects, Britain's Ministry of Agriculture has adopted a Draconian policy: the slaughter of an entire herd if even one animal has been stricken. Since the current outbreak began in early November, Ministry of Agriculture officers have killed 42,000 cattle, sheep and pigs, paid out $2,800,000 in compensation to farmers...
...profitable exports of breeding stock to Canada and the U.S., both of which refuse to admit cattle from areas where foot-and-mouth disease is endemic and controlled only by immunization. This was a precaution Britain could well understand, since the most likely cause of Britain's own current troubles was frozen meat from Argentina-where the policy is vaccination, not slaughter...
...entry in the economic phrasemaking derby came from Charles L. Schultze of Indiana University, who described current conditions as "high-level creeping stagnation." The major reason for the economy's failure to rise strongly from the 1958 recession, said Schultze, was too much tightening of credit by the Federal Reserve Board, and the Government's attempt to "budget for an overly large surplus." "If these restraints were relaxed," added Joseph Pechman of the Brookings Institution, "I would have little doubt that the economy would grow faster and that this growth would be interrupted less frequently by periodic recession...