Word: immed
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...trying to do too much too fast. Too much private investment, too much government spending, rising consumer appetites. And all of the coun tries are looking to monetary policies alone for avoiding the inflationary im pact." So said Federal Reserve Board Member Dewey Daane last week, focusing on the fact that the U.S., among other countries, has sought to restrain its economic exuberance by making money costlier and scarcer than at any other time in the 1960s...
Lackadaisical Management. The im mediate reason for the newest pound crisis was a rumor that the British sea men's strike was about to produce an inflationary pay increase. In addition, Britain has been hurt because other countries have lately battled inflation by boosting their interest rates, thereby drawing money out of Britain. Also hurting Britain is the U.S.'s drive to moderate its balance-of-payments defi cit. U.S. companies are repatriating their funds from abroad, including some held in Britain, and are borrowing more overseas; this year U.S. firms will in crease their borrowing in Europe...
SPONG is a pragmatist who is projecting a kind of semi-Kennedy im-11GOVERNOR MILLS GODWIN...
...brothers de Pasquale, the concert was the realization of an old man's dream. Papa de Pasquale, an im migrant violin teacher, had one ideal in life: to raise a professional string quartet. But in Germantown baseball was the thing, and the de Pasquale boys were forever tossing their baseball equipment out of the second-floor window and sneaking off to the diamond. On Sunday afternoons, however, they were held captive in the living room and made to listen to recordings by Kreisler and Casals. "That's what it should sound like," Papa would say, and then...
Combined with the work of Congress, they can put an effective check on federal abuses against citizens, such as the holding up of tax refunds, the sending of miscomputed welfare checks, or the im- proper taking of property to build federal roads...