Word: bank
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Dates: during 1960-1969
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...lots were cast on campuses from Maine to California. Merely by punching out perforations in computer cards, they indicated their first, second and third choices for President, their views on the Viet Nam war, and their attitudes toward urban problems. Fed into the UNIVAC 1108's memory bank in Washington, the results were tabulated and analyzed within 15 minutes after the "command" button was pushed on the giant computer, making Eugene McCarthy a happy man (see THE NATION...
...within dialing reach of election computers; voters, says Dr. Hammer, will be able to call in their ballots without leaving their homes. As an optimistic scientist, he sees the problems of identification of voters as an engineering problem that will soon be solved. Someday, he says, a huge data bank may contain "voice prints" of eligible voters. Then, the mere sound of their voice on the telephone as they call in their choice, will verify their right to a ballot...
...Stability. Hanging over the bright prospects of peacetime business are the same clouds that trouble the economy in war: inflation and the imbalance of payments. "Our first priority must be to preserve the integrity of the dollar," warned President Rudolph Peterson of the Bank of America last week. "If we fail in that, we will be totally unable to solve our great domestic problems." Only 41% of last year's $4 billion U.S. balance of payments deficit-the chief source of the dollar's weakness abroad-arose as a result of the war in Viet Nam. Now, accelerating...
...acre community around a 27-hole golf course. Los Coyotes Country Club was quickly completed, but a five-month plasterers' strike left Jones with house after unfinished house he could not sell. After the strike was settled, Jones was unable to resume construction. The Federal Home Loan Bank Board cut him off from further funds by seizing control of his money supply, the Long Beach Federal Savings & Loan Association. The S & L was accused of "unsafe and unsound" practices-notably a $17 million loan on Bellehurst. Litigation dragged on endlessly amid accusations of inflated appraisals, dubious sales contracts...
...developed tracts have become increasingly enticing because building can start at once, and there is no need to tie up capital in land inventories. But one after another, builders looked at the wreckage of Bellehurst and declined-even after Long Beach Federal S & L settled its fight with the bank board. Finally, Watt hired a computer, made 31 separate runs over the possibilities of profit and cash return, and decided to take the gamble. Since then, the company has also announced plans to take over the unbuilt portion of a grandiose Middlesex County, N.J., project that went into receivership five...