Word: standard
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Dates: during 1960-1969
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...result, which Nixon labeled "a new family-assistance system" (see box opposite), is an intriguing mixture of features aimed to please different constituencies. Liberals support the idea of a federal standard for welfare and while some find the level of payments proposed by Nixon inadequate, they are happy to have the principle of federal standards established. New York Mayor John Lindsay called the Nixon proposal Washington's "most important step forward in this field in a generation." To appease conservatives, Republican Nixon spoke of "investment," of "startup costs" to get the engine of social rehabilitation going, of work as "part...
...median U.S. family income is still only $7,974 a year. According to the Labor Department, an urban family maintains a "poor" standard of living at $5,915 a year, while a "moderate" standard of living requires...
...craft is a converted minesweeper. His house overflows with memorabilia and sentimental tributes from institutions as far apart as Good Housekeeping and the U.S. Marines. His collection of Hopi Indian kachina dolls is probably second only to Barry Goldwater's. Though the family car appears to be a standard Pontiac station wagon, it was custom built. "I wrote to the head man at G.M.," he beams, "and said, Tm gonna have to desert you if you don't stop makin' cars for women.' " They fixed him up with a model deep enough to accommodate him, Stetson and all. Three...
Despite a rally last week, the Dow-Jones industrial average is 15% below the year's high of 969, which it reached in mid-May. The Standard & Poor index of lower-priced shares is down 35%, and many other stocks have lost 50% or more of their value. The plunge has hit nearly every industry. From their 1969 peaks, shipping stocks are off 46%, airlines and motion pictures 40%, aerospace 39%, sugar companies 38%. Losses are only slightly less among coal, copper, textile, oil and insurance shares. Most of the leading conglomerate corporations have dropped disastrously: Litton...
Growing Worry. Anxieties are growing among investors who are old enough to remember the 1929 crash and the Depression. A 49-year-old Akron trucking executive has lost only $1,000 on a $20,000 investment in four blue chips-U.S. Steel, Ohio Edison, Goodyear and Standard Oil (Ohio). "But I had a fear of the market from the start," he says. "So do most people who saw their families struggle through the Depression. Now I feel like digging a hole in the backyard and burying the dough...