Word: credited
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Dates: during 1960-1969
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Nevertheless, Harvard, Yale and Princeton were down to half of their normal enrollment. All three schools decided to give academic credit for military service with Yale and Princeton giving a full year's credit to anyone who had missed the first trimester...
WITH considerable unhappiness, moneymen still vividly recall the episode in the late summer of 1966 that came to be known as "the credit crunch." Restricting the nation's money supply in order to slow a rapid price rise, the Federal Reserve Board acted so decisively that the financial markets reacted with hysteria. Interest rates rose rapidly, the Dow Jones average sank 25%, and many lenders were so short of funds that it became extraordinarily tough for corporations to borrow...
...until now the results have been less severe. Last week the board's policy of "resolute restraint," as Chairman William McChesney Martin describes it, hit home so hard that many bankers concluded that another crisis is imminent. "This is certainly the worst credit squeeze since 1966," said Beryl Sprinkel, chief economist of Chicago's Harris Trust & Savings Bank. "The question is whether it will get as bad as 1966. We're moving very rapidly in that direction...
...latest bulge in Germany's foreign trade started three years ago, when a credit squeeze followed by a recession shrank domestic demand. In response, German businessmen turned to aggressive selling abroad. The economy soon rebounded, but recession-cut German prices never caught up with those in other countries. For industrial products, Germany's principal exports, many prices not only failed to rise but actually fell. Retail prices of electric ranges, washing machines, refrigerators, watches and TV sets declined slightly in the past year. The 2½% increase in the consumer price index over the twelve months through last...
...trade all the bikes and toys, all the chances for plush adoption, for life with Popi. As officials tumble to the truth and scandal hovers overhead, a HEW functionary asks, "How can we deprive the world of a happy ending to this fairy tale?" To the film's credit, it chooses deprivation...