Word: crediters
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Though, as tomorrow's historians, they may ultimately credit their elders with a certain degree of prowess in staving off thermonuclear war, many pop-psych their growing pains in terms of the atom. "We're the Bomb Babies," says Los Angeles City College Student Ronald Allison, 23. "We grew up with fallout in our milk." The hyperbole may sound sentimental, but because of the Bomb, some Now People reach their teens feeling that they are trying to compress a lifetime into...
Despite the complaints from the other side, Wehner believes he can make progress toward bringing the two Germanys closer together. He plans to offer easy credit to encourage "inner-German trade," hopes eventually to set up a formal economic federation. To soothe Eastern feelings a bit, he has already ended Bonn's long insistence on referring to Ulbricht's realm only as "Soviet-occupied Germany"; the new official euphemism, calculated to be less offensive, is simply "the other Germany...
...only are American businessmen good credit risks ("Some even pay twice by mistake," marveled one Briton), but they are also overwhelmingly hospitable. "They kill us with kindness," protested one tailor, who finds himself invited out for dinner and away for weekends. In London, he might be invited in for a drink at most, and that only if he delivered a suit personally. In return, the Englishmen go all out to satisfy their customers. Traveling Partner Frederick Lintott of H. Huntsman & Sons, which specializes in hunting pinks and riding clothes, recalls vividly being awakened at 3 a.m. in his Biltmore suite...
...booming economy like too much beer to a weak bladder." Instead of raising taxes to finance the war and frustrate inflation, Johnson took the politically easy way out, left it up to Martin's Federal Reserve Board, and through it U.S. bankers, to crimp the nation's credit. The irony is that Johnson's party lost heavily in the elections anyway, and the President himself forfeited much of the faith of businessmen, who had earlier been his staunchest allies...
During the year, interest rates climbed by one-fifth or more, and many would-be borrowers could not get credit at any price. For lack of money, scores of communities put off plans for needed schools, parks and highways. Thousands of prospective home buyers were compelled to postpone their dreams to another year; the cost of mortgage loans climbed to 6½% or more, and construction of housing plunged 19% to a postwar nadir. Tens of thousands of investors shifted their money out of stocks and into higher-yielding bonds, Government securities and savings accounts; the stock market skidded...