Word: binding
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Dates: during 1960-1969
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...allowed the situation to drift, on the theory that Europe was basically sound and not much was needed to be done. Now Washington is once again turning its attention to Europe and to the ties-uniquely close but uniquely complex-of kinship, common ideals and hard self-interest that bind the Old World...
Although he stressed healing the town-gown split in the City's weal-thier sections, he played it down elsewhere. "I was caught in a bind," he explains. "I'm on record as dedicated to breaking down the resentment, but I want to get elected." For both politi- cal and ideological reasons he is unwilling to abandon CCA endorsement, yet friends say it hurt him significantly in the traditionally non-CCA areas in which he grew up or has strong ties. "No one was willing to tell me this before the election," he muses...
...Bind. While constricting the flow of money abroad, the Administration is most anxious not to let money tighten too much at home. The U.S. supply of money has already begun to tighten, largely because of the record demand for credit. Bank loans have risen 16% this year to a total $48 billion; corporate loans and consumer credit are each rising by about $1 billion a month. Worried about the possibility of inflation, the Federal Reserve Board has contributed to the tightening simply by not adding enough to the money supply to keep up with loan demand. The board...
...bankers are in a bind. They pay 4% or more for deposits, but lend money out to prime borrowers at 41%-a spread that hardly pays their handling costs. They are afraid to raise their own prime rate (on which all other lending rates are based) because three banks that tried to do so last year were forced to retreat after President Johnson publicly criticized them. Last week Arthur Okun, a member of the Council of Economic Advisers, pointedly warned against such increases. Treasury Secretary Henry Fowler told the A.B.A. meeting in Chicago that steady interest rates are "an important...
...only now exported to these shores, My Dog Tulip divided dog lovers there into two neat halves: they either loved it or loathed it. Both responses are acceptable. There is no denying that Bachelor Ackerley has described with great literary skill, affection and wit the ties that often bind man to dog-in this case an Alsatian bitch. There is also no denying that Ackerley endlessly dwells on what some circles consider a dog's least lovable proclivities: elimination and procreation...