Word: credited
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Dates: during 1970-1979
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Ever since the secret trip to China, my own relationship with Nixon had grown complicated. Until then I had been an essentially anonymous White House assistant. But now his associates were unhappy, and not without reason, that some journalists were giving me perhaps excessive credit for the more appealing aspects of our foreign policy while blaming Nixon for the unpopular moves...
...gasoline squeeze, angry consumers are putting most of then- heat on the retailers, in this case the heating-oil sales and delivery companies. With prices and interest rates climbing, refiners are tightening up on credit terms, forcing the retailers to demand quicker payment from homeowners. But many of their customers are starting the new heating season with unpaid charges from last year...
...basic cost of borrowing money has jumped from 11.75% to 13.5%, the highest in history. Most board members hold that the increases will soon stop but interest rates will remain steep over the next year. Some fear that the Fed may worsen the recession by inducing a classic credit crunch, in which little money is available for borrowing to finance new plants and create jobs...
Democrat Arthur Okun complains that the Fed has lost much of its control over credit policy as a result of innovations, such as money market certificates and mortgage-backed securities, that are designed to keep banks and thrift institutions flush with funds for home loans. Says Okun: "Money is easy but expensive, and nobody is saying no to any borrower. They're saying, 'The price is high. Won't you take...
...three-mile runs," she said, "I came in slower than everyone else." After Jacobson was transferred to Camp Pendleton, Calif., as executive officer of an ordnance and maintenance company, she worked hard until the day before she gave birth. Her labor lasted just three hours. Said she: "I credit that to the great physical conditioning of the Marine Corps." Another military mother, Captain Diane Cook, 30, of Dover Air Force Base, Del, worked twelve-hour shifts until a week before her daughter was born. "I had morning sickness," she said, "but I arranged to have it at night...