Word: carly
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Dates: during 1970-1979
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...this invisible money is, of course, available any time to buy a car or a TV or a vacation in Miami, or to finance a corporate takeover on Wall Street. The policy danger posed by this credit proliferation is that a tight money strategy may indeed cut down the growth of the Fed's "official money," but spending would just keep on surging and spurring inflation anyway. Urges Wall Street Economist Henry Kaufman, an internationally respected expert on interest rates and credit: "What we need now is a new monetary growth target that I call the 'debt proxy.' It would...
PERSONAL LOANS: In many states interest rates on loans to buy a car or boat, finance a vacation or "for any worthwhile purpose," as the bankers say, have long been as high as the law allows-13.38% in New York on a three-year car loan. But bankers will tighten standards for receiving such loans; some say they will scrutinize a borrower's "relationship" with the bank. Translation: if you don't already have a savings or checking account there, don't bother asking for a loan. Bright spot: student loans will continue to be available...
...research" is starting to pay off. Last week the 3M Co. introduced a lithograph printing plate that uses nonpolluting tap water instead of chemical developers to produce an image. General Motors' new zinc-nickel oxide battery pack-which can be completely recharged 300 times and will power a car for 100 miles-cost $33 million and took ten years to develop, but it has now opened up for the first time the possibility of a practical, mass-produced electric car...
...critical acclaim for Woody Allen's Interiors. The voices of children in the background rise as Kovak zeroes in on a blackboard and an American flag--"and to the republic for which it stands one nation, under God, indivisible, with liberty and justice for all." Freeze--a police car and run-down jailhouse...
...only to careen down on that scene with my car and my white authority...they would have their lives summed up for them officially at last by me, the white woman--the final meaning of a day they had lived I had no knowledge of, a day of other appalling things, violence, disasters, urgencies, deprivations which suddenly would become, was nothing but what it had led up to: the man among them beating their donkey. I could have put a stop to it, the misery; at that point I witnessed. What more...