Word: bank
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...beat further price hikes, businessmen are increasing their inventories at a pace unequaled since the Korean War: $10.1 billion a year. During January, bank credit expanded at 20% a year, double the already high rate of the past five years. Skilled labor has become so scarce that Inland Steel is trying to fill 600 job vacancies, is recruiting as far away as 400 miles from its East Chicago base. Detroit automakers are hiring unemployed Appalachia mountaineers to sweep floors -at $3 an hour. For its part, the Government has poured on more inflationary fuel: the national income accounts budget, which...
...swing it toward looser credit. Last week, however, the President appointed Assistant Commerce Secretary Andrew F. Brimmer, the board's first Negro member, who seems unlikely to change its apparent inclination toward restriction. Brimmer, 39, a Harvard Ph.D., is a onetime economist at the New York Federal Reserve Bank and is known as cautious and moderate in money matters...
...practice, much of this money is more likely to wind up in the bank. One reason is that heavy government spending in most underdeveloped nations could cause inflation. For another, it is seldom used for large-scale development projects, since these would demand additional investment and operating expenses that few poor countries can afford. Frequently the U.S. lends the nation some of its blocked currency, but the interest payments only add to the hoard. One of the most serious problems is governmental limitations on spending written into U.S. legislation...
Their approach was cautious, logical, austere. Their devotion to classic purity, to the sanctity of the composer's intent, spawned a new school of junior-executive pianists, most of them Americans, noted for their technical brilliance and carbon-copy sameness. Rubinstein, with more regret than scorn, calls them "bank clerks." They practice, practice, practice?and when they go onstage, so remote is their detachment from their audience that they practice some more...
Paradoxically, the U.S. payments deficit in 1965 fell to $1.3 billion, less than half the drain of the year before and the lowest level since 1957. The biggest reason: a $2.25 billion drop in bank loans to foreigners. Offsetting that gain, however, imports rose faster than exports, partly because of dock strikes and partly in response to the demand for goods from free-spending consumers and businessmen. Result: the U.S. trade surplus-the excess of exports over imports-shrank from $6.7 billion in 1964 to $4.8 billion last year. The trend, said Connor, remains a "very serious" problem...