Word: equalizers
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Dates: during 1960-1960
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...concept was "clear," Kennedy insisted, but the way he defined it, parity of income sounded like a mathematician's nightmare and a bureaucrat's dream. "Parity of income," he said, "is that income which gives average producers a return on their invested capital, labor and management equal to that which similar or comparable resources earn in nonfarm employment." It would be achieved through "supply management," another new phrase, meaning a mixture of "land retirement" and marketing quotas. The quota system would involve much more Government control than any of Nixon's proposals: every wheat farmer, for example...
...latest figures of the National Bureau of Economic Research's Diffusion Index. This is a compilation of eight indicators that include new orders for durable goods, average work week, building awards, Dow-Jones industrials, and new incorporations. The index has often forecast downturns in the past. If an equal number of the eight indicators are rising or falling, the index stands at 50; if more fall than rise, the index dips proportionately below 50. In June the index turned sharply downward, fell well below 50. The bureau's experts are still not saying "recession"-not until...
...hard pressed to say what all had in common. The answer: they were all designed by Los Angeles' Welton Becket, a Jack-of-all-styles architect who can run up a pancakelike auditorium or a soaring office building-or any of several dozen other styles and treatments-with equal ease...
...felt that since not all undergraduates support the Council financially, those who do should receive special acknowledgment. This opinion was reinforced by an awareness that many students in the past have been resentful about giving when so many others did not--and still gained equal advantage from the Council's work...
...redefined the alternatives as (1) remaining in the arms race and depending on the logic of deterrence, or (2) taking unilateral steps toward disarmament, an approach suggesting a resonance between U.S. gestures and resulting negotiations. Tocsin and the Committees of Correspondence now ask that we take risks for disarmament equal to those we now take with retaliation-threats...