Word: credited
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Dates: during 1960-1969
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Although Hubert Humphrey was the Democrats' nominee for President, the last-minute surge of popularity that won him only 499,704 fewer votes than Richard Nixon last November was no credit to his divided, dispirited party. For four years, the Democratic organization had been neglected by Lyndon Johnson; the potent coalition assembled by Franklin Roosevelt was crumbling. The young were ignoring the party, and the Old South had deserted it. The big-city Democratic machines were frayed from the stresses of racial tension and urban decay. In fact, the most vocal critics of Democratic policies were Democrats themselves. Some...
...deceased "soldier" of Murder Inc. days. Like his father, Frank still kills in the same old way, ordering a stool pigeon shot in a New Jersey dump, then stuffing his mouth with a symbolic canary. But Frank's college-educated brother Vince (Alex Cord) has acquired new credit cards of identity. Not for him the violent memories, the long jags on vino, the crude labor racketeering. His work is the more up-to-date business of "washing" dirty money: making ill-gotten gains look legitimate by putting them through business firms that the mob has taken over...
...final economic report to Congress, he called for a strategy aimed at slowly reducing both inflation and the excessive boom in business. The principal ingredients are a small-and perhaps precarious-budget surplus (see THE NATION) and a Federal Reserve Board policy of permitting the supply of money and credit to expand less than it has over the past three years. What the nation must avoid, warned Johnson, is "an overdose of restraint" that could easily lead to recession...
...Administration and the independent Federal Reserve Board seem to agree. To halt inflation, said Secretary of the Treasury-designate David Kennedy last week, "we must maintain a tight budget and a restrictive monetary policy." The Federal Reserve has gone to considerable lengths lately to proclaim its intent to curb credit gradually...
...board sees it, the fundamental inflationary pressure on the economy lately has come from spending by business. The board has therefore aimed its credit pinch at the chief source of corporate loans: the commercial banks...