Word: cannot
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Dates: during 1960-1969
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...squeeze on credit. Banks are curtailing bond buying and mortgage lending in order to conserve scarce funds for direct loans to business. Insurance companies, which are normally major buyers of bonds and mortgages, are being drained of cash by loans that they must make to policyholders who cannot get credit so cheaply elsewhere. But the bond-mortgage slump reflects even more the ravages of inflation. Corporations, for example, are hurrying to build new plants before construction costs rise even further (see following story), and are selling huge quantities of new bonds to raise the cash. This month U.S. corporations will...
...endless headaches for home buyers and builders of schools, roads and factories. Variable interest rates would amount to a recognition that lenders expect continued inflation. That in itself could explosively aggravate the nation's inflationary psychology, which is the basic problem. In the long run, the U.S. simply cannot have healthy long-term capital markets in the midst of inflation. The need to ensure a continued flow of long-term money into houses, schools and other public facilities is thus one of the most important reasons why curbing inflation is the No. 1 U.S. economic priority...
...manager's whole life, his home, his wife, his family, become the center of social activity for that sales force," says Beyer. "An army is disciplined out of fear; our men are disciplined out of loyalty to a leader, like a Cub Scout pack would be. A man cannot have the choice of whether he comes to the Saturday meeting or not. He wants to come." Vacations? "We think working for us is having a vacation...
...Faculty cannot and does not want to prevent individual Harvard professors and graduate students from accepting Cambridge Project funds. Harvard traditionally allows its scholars to accept any outside research funding they can get, provided certain conditions-such as no classified research-are met. The Cambridge Project meets those conditions...
...about the incident. But if any of them happen to read this letter, I would only like to ask them, now that they are sober, if this is their idea of "freedom," of "law and order," and of "protection of private property." If so, an American version of Kristallnacht cannot be far away...