Word: creditation
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Dates: during 1960-1969
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...than many people could gain full recovery from. They surely left a deep impression on him. Perhaps Senator Kennedy was nearer the breaking point during those "unexplained" nine hours than many people realize. That he regained his composure sufficiently to claim responsibility for his actions is certainly to his credit...
Nixon became the first U.S. President to visit Indonesia, the sprawling island chain whose 112 million people make up nearly half the population of Southeast Asia. Indonesians gave him credit for not trying to upset their neutral status, re-established by General Suharto once the mercurial Sukarno was overthrown in 1967. Nixon wants the U.S. to participate in Indonesia's economic development, but he did not urge any shift in foreign policy. "We respect you as a proud and independent nation," he said in Djakarta. "It is on the basis of common values and ideals...
Thus the working-class or lower-middle-class American hangs in anxious suspension above poverty and well below af fluence. Meantime, his wage gains are being eroded by in flation, rising taxes and the lure of easy credit for new cars and other luxuries. "This man feels himself more alone than any other member of society," says Saul Alinsky, a life long organizer of working-class movements. "He is almost out of his mind with frustration - call it hate. He sees his Government, with programs for blacks and for the indigent and programs for everyone except him, and he figures...
...plunge, when the index declined 25% from February to October. Could history repeat? Both market slides began with worries about overspeculation and increases in bank interest rates. There are, however, important differences. In both 1966 and 1969, the Federal Reserve Board tried to control the expansion of credit by restricting the money supply. But in 1966, the board moved clumsily, swerving at midyear from monetary expansion at a 6% yearly rate to contraction at a 2% rate. Credit evaporated, investor buying power disappeared, and stocks collapsed. This year the money supply has expanded at a modest annual rate of about...
Since its founding, CLAO has handled over 5000 cases, and has worked for legal reform in welfare, consumer credit practices, and in private and public housing. In recent months, fighting evictions has come to occupy an increasing proportion of CLAO's time...