Word: cred
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Dates: during 1960-1969
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Such candor is required by Federal Reserve Board Regulation "Z," which takes effect July 1. The 59-page regulation tells what stores, banks, finance companies, auto dealers and other cred itors must do to comply with the Truth in Lending Act that Congress passed last year. Among other things, the consumer must be informed in advance of the exact amount of any loan or credit, including insurance premiums, any excess of an installment price over a cash price and the exact length of time he has to pay. He must also be told the precise annual interest charge. In most...
...from ignoring it, the President last week confronted it directly with action on two fronts: 1) With his approval, the Federal Reserve Board moved to intensify the squeeze on cred it. 2) At a meeting with domestic policymakers at his Key Biscayne retreat, he reviewed efforts to trim the budget enough to produce a surplus of at least $4 billion. Earlier, the Pentagon announced some cutbacks in Viet Nam spending that might be merely budgetary -but might also be a signal to Hanoi of deescalation...
...best orator of the lot. When the Fugitive Slave Law was passed, enabling slaveowners to recover their runaways, Douglass thundered: "The only way to make the law a dead letter is to make half a dozen or more dead kidnapers." His lecture tour of Britain was cred ited with helping to keep Britain from recognizing the Confederacy during the Civil War. But he taxed the tolerance of even the abolitionists when he married a white woman of good colonial family who qualified for the D.A.R...
Administration did in eight years." The Economy. At home, the Administration has spread the benefits of eco nomic prosperity "not by Government orders, edicts or controls" but by promoting hands-off free enterprise, which "you know works better than those of little faith in the American people give it cred it for." Items: PRICES. Rose "48% in the seven Tru man years," 11% during the Eisenhower years...