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Federal Reserve Board Chairman William McChesney Martin recently told Congress that high interest rates are "not a goal" of the Board's policy. He implied that he would be happy to see the economy lose enough steam to let rates fall. Still, there is scant chance that the Fed will ease its squeeze on money any time soon, if only because price increases are proving so difficult to arrest...
...popular theory, sponsored by Senator Kennedy himself, that he "lost his cool" is not supported by fact. Events on that tragic night show that the Kennedy machine swung coolly and efficiently into action under the Senator's personal direction and in a scant few hours devised a master strategy. We can but marvel at the Senator's determination and the ruthless power of his political apparatus. Or should we be just a bit frightened...
...early part of Apollo 11 's epic journey had been as uneventful as the later part was suspenseful. Lift-off was nearly perfect. Rising Phoenix-like above its own exhaust flames, a scant 724 milliseconds behind schedule, the giant rocket shook loose some 1,300 Ibs. of ice that had frozen on its white sides. Although it was the heaviest space vehicle ever fired aloft?6,484,289 Ibs. at ignition?it cleared the launch tower in twelve seconds...
Mboya had many political enemies on the right as well as the left. He also had personal enemies, for he could be arrogant, brittle and ruthless in political infighting. As a Luo, Mboya was given only a scant chance to succeed Kenyatta, a member of the country's dominant Kikuyu tribe. His talents were such, however, that he might have been assassinated to head off any possibility of his presidency. Kenyatta described his death as "a loss to Kenya, to Africa and the world...
...still obscure, the pesticide apparently sends the mother bird's liver into a frenzy of enzyme production. The excess enzymes break down such steroids as estrogen that are essential to the manufacture of calcium. Lacking adequate calcium, the bird's eggs emerge thin-shelled and flaky, offering scant protection for the embryo. In at least one instance, reports the National Audubon Society, which has just joined the public crusade against DDT, a bald-eagle egg was found on the shores of Lake Superior with no shell at all-just a fragile membrane. According to University of Wisconsin Ecologist...