The People: A Time to Grump

Spring, having come late, remained capricious. Rain and ice, in many states, interrupted the fitful interludes of sun; almost nowhere was it very warm for May. But weather was not the only anomaly of which Americans were aware.

There was the pervasive prosperity (at Birmingham High School, in Encino, Calif., not a single bicycle could be found among the students' chrome-crusted motorcycles, scooters and stereo-equipped cars). Yet the stock market was jittery.

The latest Consumer Price Index showed another overall rise for April—four-tenths of 1 % —making the February-April 1966 increase the highest for the period in 15 years. Yet to a...

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