Word: effect
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Dates: during 1960-1960
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...presenting the resolution to the Council last night, Thomas E. Petri '62, chairman of the Committee, noted that it was the only one of six proposals advocated by the Council last year that was not put into effect. He added that a poll taken last year showed the student body to be very heavily in favor of the move...
Treasury's course was to announce firmly that there would be no change in the U.S. price for gold. The announcement had the desired effect: at week's end gold prices fell back-to $37.22 in London-and steadied. But since gold prices still stood at a level at which Central banks could buy from the U.S. and sell elsewhere at a profit, most bankers expected that the storm had not yet blown over...
...other necessities; after he has taken care of these, he still has a large "discretionary'' income that he can spend for more goods or for more services-and he has been spending more heavily for services. The problem for economists is to try to chart the effect of this...
Even if it could be proved that service spending has caused a slowdown in durable goods sales, it has also had a healthy, stabilizing effect. While cutbacks in production employment come fast in a recession, the service trades usually remain steady. In the 1954 recession, factory employment fell 10% but personal income only 1%. In the 1957-58 dip, employment dropped 9.5%, but personal income and consumer spending each dropped less than 2%, largely buoyed by service spending, which rose more than 3%. With the drop in total personal income thus cushioned, demand picks up all the more quickly. Thus...
...melon." A sunset in Rhodes becomes a conflagration. This is the kind of thing Durrell does so well that he tends to overdo it. But, periodically, he lifts imagery to insight. Many have written of the preternatural brilliance and clarity of the Greek light, but Durrell sensitively isolates its effect when he calls Greece not a country but a living eye: "The traveler in this land could not record. It was rather as if he himself were recorded ... in the ringing blue sky, the temples, the supple brushes of cypress, the sun beating in a withering hypnotic dazzle...