Word: crediters
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Dates: during 1960-1969
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Much of the credit goes to Lieut. General Johannes Steinhoff, 56, a hardened World War II ace who shot down 176 planes over Britain, Africa, Italy and Russia and had his face badly mangled in the last of his twelve crack-ups less than a month before the German surrender. Steinhoff took over the Luftwaffe in 1966 with a mandate to "pick up the pieces" of the Starfighter scandal. He tightened organizational control, farmed out some Starfighter maintenance to private industry, which was better equipped to handle it than the Luftwaffe, and introduced more than 2,000 design and safety...
When South African Prime Minister Johannes Balthazar Vorster took office three years ago, he seemed the ideal man to continue the white supremacist ways of his predecessors-Johannes Strijdom, Daniel Malan and Hendrik Verwoerd. Grim and humorless, he had served five years as Minister of Justice and took credit for some of South Africa's harshest apartheid laws. To the ruling Nationalist Party, he was a hero, dedicated to preserving its policy of strict color separation. It is little short of amazing, then, that Vorster should now be under attack by Nationalist right-wingers as a dangerous liberal...
...influence over the daily lives of all U.S. citizens than almost anyone except the President who appoints him. By performing some of the more arcane maneuvers in the realm of finance-raising or lowering bank reserve requirements, buying or selling Government securities-the Federal Reserve controls the supply of credit and the level of interest rates. It thus largely determines how much interest the consumer must pay to borrow for a new house or car, how much the businessman must pay to borrow for a new hamburger stand or a steel mill-and whether many kinds of loans will...
...week President Nixon announced his choice as successor to Democrat Martin. The new economic maestro is Arthur Frank Burns, 65, a self-described "moderate Republican," a longtime close aide of Nixon, and a stubborn anti-inflationist. For at least the next four years, the nation's money and credit policies will bear his stamp...
...particularly sensitive time, when everyone is wondering when prices will stop going up and interest rates will start coming down. The Administration has given top economic priority to fighting inflation by sharply restricting Government spending at the same time that the Federal Reserve curbs the growth of credit. One purpose of Nixon's timing in announcing the Burns appointment last week was to underscore the Administration's determination to persevere with its policies of severely tight money, despite political pressures to relax. Burns has a reputation for doggedness in following just such anti-inflationary policies. Nixon himself...