Word: hike
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Last week, in a protectionist move that contrasts with recent tariff-cutting efforts, the tariffs on steel imports into the Common Market were raised to a standard 9% (they now range from 4.5% in The Netherlands to 9% in Italy). What made the hike all the more remarkable was that members of the Common Market had disagreed so long and so furiously about it that the supranational European Coal and Steel Community, which is made up of the same six nations but has remained autonomous, stepped in and imposed its own decision on them...
...chicken war-that silly but symbolic dispute between the U.S. and the Common Market-finally ended last week with each side holding a leg. After a dispute that dragged on for 17 months, a panel of neutral experts decided that the Six's tariff hike on chick ens had cost the U.S. $26 million in exports. Though the estimate of losses was only about half as high as the U.S. had argued, both sides could claim victory-the Common Market because the loss figure was much nearer to its estimates, the U.S. because the ruling implied that the Market...
Once upon a time, golf was a form of exercise: 18 holes involved a cross-country hike of some 4 miles. The coming of the golf cart eliminated the walking, but the game was still a way of getting out into the open air. Now even this is unnecessary. A foursome in snowbound Maine may play Pinehurst at midnight without having to do more than stand up and swing...
...past, the market has usually responded by dropping for a fortnight or so, then climbing anywhere from 5% to 27% for three months to a year before topping out. Last week the Dow-Jones industrial in dex worried off 5.19 points in the first day after the hike, but came back 6.78 points in the next two days to close the week at 750.81. Where the market will move next depends much less upon margins than upon the soundness of the U.S. economy. As of last week, U.S. business was climbing toward all kinds of new records...
Both types wanted to go to jail very badly at the beginning of the summer. Among the coffee house-fast freight-self-defense for the Negro-rice diet set, going to jail must be worth about as many points as a hitch-hike to southeastern Peru. And the simple yen for jail was the force behind their organizing. For several days, they moved around the circle of the very committed Negroes, assuring those who least needed it that this time demonstrations would be big and effective, and persuaded in turn by the inevitable enthusiasm of the Movement regulars that maybe...