Word: credited
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Dates: during 1960-1969
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...with giving us his valuable time and talent, Bob has for a number of years given us an annual personal check for $10,000. When the big breakthrough comes through research on Parkinson's disease, as surely it will in the not too distant future, much of the credit for financing that research must go to our friend Bob Hope...
Beginning in Feb., she will work with undergraduates on acting and directing techniques. The ten-week seminar-type program will be non-credit, George E. Hamlin Jr., Associate Director of the Loeb, said last night...
...almost half again as much as a year earlier. State and local borrowing also rose sharply. In the second half of the year, increased federal spending sent the Government heavily into the market as well, forcing the Federal Reserve to stoke the money supply by 7% and bank credit by an even more inflationary 12% to make sure that the U.S. Treasury could borrow enough to cover its deficit. The appetite for cash lifted interest rates to psychedelic highs. Some new issues of corporate bonds brought nearly 7%, a 100-year peak...
...Spotty profits kept businessmen cautious about expansion. Their borrowing served partly to pay off old loans and replenish coffers depleted by the 1966 money squeeze and the spring speedup in corporate tax collections; most of all, it reflected wide expectation that the Reserve Board might tighten up on credit or that the Government would pre-empt borrowable funds. Auto sales dropped to about 8,400,000, 7% below their 1966 level. "Mystified businessmen are still waiting for the frantic days that they were told lay ahead," complains Research Director Albert Sommers of the National Industrial Conference Board...
...year to be a good one-better than 1967. They see the U.S. economy expanding by a healthy 4% in real terms, with the 3% or 31% price inflation and with unemployment hovering about where it already stands. Bankers feel that the Federal Reserve will apply a brake to credit expansion, but gently enough to allow housing to continue its gains. Many businessmen look for consumers to save less and spend more; Detroit, for example, expects at least 9,000,000 auto sales. There are, of course, some clouds over that rather rosy view. Stockpiling to minimize the impact...