Word: credit
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Dates: during 1960-1969
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...citizen confounded by all the numbers-from social security, bank accounts, credit cards, car registration and driver's license, telephones, payroll, zip code-he finds attached to his name, there is not even nominal consolation in a new decision of the Ohio District Court of Appeals. Paul Ferguson, 57, of Columbus, was appealing his conviction for trying to pass a forged check; he had used someone else's social security card to cash the check, and his lawyers were contending that under the Miranda ruling limiting police interrogations Ferguson had been improperly induced to admit that the social...
...proposal would give students, through their Houses, the opportunity to circumvent concentration. General Education, and even course credit requirements in initiating their own plans of study. Specifically, the Chalmers group suggests that Houses be given the authority...
...British press showed more initial interest in the massacre story than the U.S. press. So did British politicians. But while some of them used it to attack the U.S. and its involvement in Viet Nam, one left-wing Labor member allowed that it was "to its great credit" that the story was revealed "in the American press in the first place." He was perhaps too kind...
These conditions partly reflect the Federal Reserve's 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...
...higher returns to keep ahead of prices. (Some mortgage lenders now grumble that they are "stuck" with loans made years ago at interest that seemed high then but is low now.) The end result of this process would be that investors would refuse to supply as much long-term credit as the nation needs to build needed houses, schools and other facilities...