Word: cashing
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Dates: during 1960-1969
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...interest that banks pay for the money they borrow) from 5½% to 6%. The increase, second in four months, brought the rate to its highest level since the 1929 crash. To make money more scarce as well as more costly, the board also increased the amount of cash that banks are required to keep in reserve. In effect, the board "froze" some $650 million in lendable funds, which translates into a withdrawal of more than $2 billion in credit from the economy...
...album suggests that Dylan seems to be trying to work his way back to his own beginnings. This is pointed up by his inclusion of Girl from the North Country, which is sung as a duet with Johnny Cash. It is a song from one of his first albums, The Freewheelin' Bob Dylan, and it marks the first time that he has ever re-recorded one of his own numbers...
Still, the TV magazines have brought a welcome sense of whimsy to the unblinking big eye. In a piece on Joe Namath, CBS rang a cash register every time he passed the football. To spice up an interview with Karl Hess, Barry Goldwater's onetime speechwriter, First Tuesday flashed on stills of Robert Taft and Henry David Thoreau every time their names were mentioned. The NBC sound men played Zing! Went the Strings of My Heart during an interview with Philip Blaiberg and spun off Tchaikovsky's 1812 Overture while a French count's hunting party slaughtered...
...competitors call "the General Motors of the agency business" last week announced plans to invite the public along for the ride. J.W.T. filed with the Securities and Exchange Commission to make a public stock offering. This would enable the agency to reward its people more handsomely and give it cash to expand beyond last year's record billings of $638 million...
...unquestioned hit of last January's Miami Pop Festival, and last weekend she started a concert tour that will take her to Boston, New York, Chicago, Ottawa and Montreal. At the end of April, she tapes a television show in Nashville with Bob Dylan and Johnny Cash. Her latest album has an advance sale of 100,000 copies, a month before its release. Furthermore, she has risen from obscure poverty to ownership of a music company valued...