Word: clout
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...some financiers propose federal credit controls. Since there is not enough credit to go around, they argue, the Government should make sure that what is available goes to borrowers who really need it?home builders, say, or small businessmen?rather than to those with the greatest economic clout. Credit controls have strong support in some parts of official Washington, though not in the White House. Congress last December gave the President stand-by authority to allow the Federal Reserve to regulate the terms, amount and interest rates of all forms of credit. Wright Patman, chairman of the House Banking...
Five lesser candidates in the May 5 Democratic primary may force a runoff. This would deprive the feisty little ex-Governor of the big win he needs in order to retain his national clout. But nobody is counting George out yet. Much depends on whether Wallace still evokes the Populist yearnings of traditionalist Alabama. Says State Senator C.C. Torbert: "If they vote with their minds, it will be Brewer; if they vote from their hearts, it will be Wallace...
...before the 12th century, when the fabled temples at Angkor were completed. Some of the carvings there depict battles between the Khmers of ancient Cambodia and the Annamese, forebears of present-day Vietnamese. In modern Cambodia, the Vietnamese and Chinese minorities dominate commerce and light industry, giving them economic clout that the majority of Cambodians sharply resent...
...Greene County, Ala., where 11,050 blacks overwhelmingly outnumber the 2,546 whites, they have turned that advantage into political clout. Before the 1965 Voting Rights Act, there were only 542 registered blacks; now there are 3,988 on the voting rolls, twice as many as whites. Blacks took four out of five seats on the court of county commissioners and won control of the county school board in elections last summer. Ralph Abernathy, Martin Luther King's successor as head of the Southern Christian Leadership Conference, mounted the high dive at the once segregated swimming pool in Eutaw...
Throughout 1971, Lindsay travels the U.S. on whatever weekends he finds free to drum up funds for his new party and support for the urban cause. At first, he has virtually no clout with the party's entrenched powers. The charges of opportunism do not fade quickly. Yet through the year, his fund raising and obvious attraction for the young, the blacks and other minorities build his credit...