Word: spur
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Britain had been half waiting for the Common Market membership to galvanize its torpid economy and to bring inefficient British industries into line. Now the job had to be faced without such a spur and opportunity. To cut costs and make British goods competitive in world markets, argue government planners, the nation will have to raise its productivity, give new tax incentives to exporters, even resort to such politically risky measures as imposing tight ceilings on wage and dividend increases. Britain also lags in its capital investment rate, and Chancellor of the Exchequer Reginald Maudling, shrewdly noting Charles de Gaulle...
...around. But there was no mistaking the stock market's feeling about it last week: the market loves inflation. As the Dow-Jones industrial average rose 7.19 points, the market clearly showed that it once more sniffed inflation in the air-whether it was really there or not. Spurring the market's expectations were President Kennedy's request for the largest federal budget in history and his tax-cut proposals, which will help spur investment even while they contribute to a near-record peacetime deficit. And the Washington-dictated inflationary settlement of th East Coast dock strike...
...Darkest America. Will such high-caliber volunteers come forward? Quiet polls at 70 campuses have shown high enthusiasm. A growing trend among collegians to tutor slum kids and help the aged is additional evidence. Next month the U.S. National Student Association will sponsor a conference to spur...
...alone cannot possibly produce solutions. As currently planned, its function is to be a kind of "Precept Corps"-sending small groups of trained volunteers into troubled areas at the request of local people and working under their orders. By example, the volunteers are supposed to spur greater local action-soon working themselves out of a job and moving on to another trouble spot...
...week made a belated but decisive move to revitalize the faltering railroads of the Eastern U.S. By authorizing the profitable Chesapeake & Ohio to acquire control of the ailing Baltimore & Ohio, the commission opened the way toward an ultimate merger of these two big lines. This step, in time, could spur a consolidation of the nation's oversupply of competing independent railroads into a few strong regional groupings...