Word: frugality
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Dates: during 1960-1969
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Tears on the Air. A frugal patriarch who kept only one wife and one Cadillac, Sheik Abdullah became a sugar daddy to other Arab nations by financing their projects with giant loans ($470 million last year). So it was that when he died at 70 last week from congestive heart failure, that much of the Arab world joined in Kuwait's mourning...
...straightness of her lines indicate strong will and ability to stick to any course she chooses. She enjoys solitude, as the slight backward slant of her handwriting shows, although her large script reveals that she doesn't mind being the center of attention. She is quite frugal-notice that there is hardly any margin on either side, and little on the top or bottom of each page...
...Frugal Consumers. Despite such basic ailments as lagging small industry, inefficiently operated small stores and heavily subsidized agriculture, Japan's prosperity is propelled by two national habits that almost guarantee economic growth. Japan puts a quarter of its gross national product into productive investment, and its people have learned how to make a little go a long way. Though industrial wages average a meager $102 a month and prices in Tokyo are higher than in New York City, the Japanese save 20% of their income. Even so, nine out of every ten families own TV sets, 72% have washing...
...TAXES: Johnson wants to cut by about $1.5 billion federal excise taxes on retail items, perhaps including luggage, jewelry, cosmetics. Congress is eager indeed to slash excise taxes-so much so that there is considerable agitation to repeal nearly all of them. Frugal Lyndon wants to stop far short of that and may run into rugged opposition to holding the cuts down to his figure. But Albert is slightly optimistic, says: "I do think something can be worked out." The President also wants Congress to ensure quickie tax-cut procedures that would allow fast-but temporary-action should a recession...
...absurd and useless antique," for "completely disarming the U.S., for doing away with our Army, Navy and Air Force," for continuing programs that will "wipe out the value of all their savings, their life insurance policies, their bonds and mortgages, and will redistribute wealth from the industrious and frugal into the hands of the shiftless," and for "more riots to be instigated by racial agitators, for more racial bitterness, and for greater use of all these fomented troubles to forward Communist purposes...