Word: setting
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Dates: during 1960-1960
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Credit Restrictions. "Every American who financed a home, who bought a refrigerator, who bought an automobile, bought a television set, has suffered from this high-interest-rate policy. Those of you who bought a home for $10,000 with a 30-year mortgage are going to pay out $3,300 more for that house than you would have paid in the Truman Administration." The promise: to lower "artificially high interest rates...
When Britain set out to counter the six-nation European Common Market with a European free-trade area of its own-knitting together the Scandinavian countries, Portugal, Switzerland and Austria-Finland badly wanted to join to make this Outer Seven an Outer Eight. But President Urho Kekkonen, a longtime neutralist who stoutly insists that Finland's future must be based on Soviet-Finnish "friendship," said nothing doing. Russia, Kekkonen argued, would be displeased if Finland participated in a non-Communist trade bloc...
Playing to the legislators' pride, he cried. "Don't you think Kasavubu has insulted you by trying to set up a new government without consulting you?" He opened the pork barrel, suggesting that there were 60 ambassadorial jobs to be filled in Congolese diplomatic posts abroad. "For these tasks of prestige and savoir faire, I must depend on you, my dear colleagues." smiled Lumumba...
...Britain's gradual retirement from existing alliances. Ludicrously enough, they had also voted support for a contradictory resolution endorsing Labor Leader Hugh Gaitskell's June policy statement, which bases Britain's defense on the NATO alliance and its nuclear deterrent. This confused performance probably set back the Labor Party's chance of returning to power by many years, because the union groups, with their bloc votes, are the real backbone of the Labor Party...
...Chinese Reds drove his armies from the mainland, Chiang Kai-shek and his Nationalists have conscientiously tried to assume the trappings of liberal democracy. In Formosa the Nationalists paid new heed to China's 1946 constitution, which guarantees citizens a free press, free speech and free elections. They set up two "opposition" parties, whose candidates are sometimes allowed to beat out those of Chiang Kai-shek's ruling Kuomintang. But somehow, the vast majority of elective jobs are always won by the Kuomintang, and the opposition parties are careful not to oppose so vigorously as to endanger their...