Word: crediters
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Dates: during 1960-1969
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...admired by many Berkeley professors. He has a doctorate in cultural anthropology from Syracuse, served on the staff of the U.S. embassy in Paris, taught at the State University of New York for three years before moving to Berkeley in 1965. He has four books to his credit, including a study called The Revolution in Psychiatry that California Social Psychiatrist Martin Hoffman rates as "one of the most important theoretical works written in psychiatry in the last quarter-century." Becker has also written a primer on Zen and a critique of U.S. education that the Daily Californian praised...
With slowdown signposts appearing all over the U.S. economy, the Federal Reserve Board last week moved to ease the cost of money. In its own words, the board meant to assure "that the availability of credit is adequate to provide for orderly economic growth...
...amount of interest-bearing time deposits that banks must keep on hand as unlendable reserves. The change applies only to the first $5,000,000 of a bank's total time deposits; anything over that remains under the stiff 6% reserve requirement imposed during last summer's credit squeeze. This partial easing will free an additional $850 million for lending, mostly in 5,945 rural and small-city banks. Bankers can already lend about $7 for every $1 they have in reserves, and this "multiplier effect" will therefore allow the newly liberated $850 million to ripple through...
...also aimed to slap down loose talk, particularly prevalent in the New York money markets, that it has already gone about as far as it will in easing the money supply. Acting on that notion, corporations threatened a ruinous replay of last summer's credit crisis by once again lining up to borrow. On the bond market alone, new corporate issues scheduled for this month total a record $1.5 billion-which could spark a new upward spiral in bank and bond rates. The Fed's warning seemed to have effect. Key 91-day Treasury bills, which had been...
...credit, 20th Century-Fox has chosen not to take the film seriously. Instead, the ads luridly announce "Raquel Welch wearing mankind's first bikini." That is not a thing to be sneezed at (or in), but worth considerably less than a second Million...