Word: crediters
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Dates: during 1960-1969
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...United States Senate will vote today on an amendment to the administration's new tax bill providing a tax credit of up to $325 for parents or others paying the tuition of college students...
...cost of the tax credit to the treasury has been estimated at $ 1 billion a year. Ribicoff pointed out in a speech Friday that since the credit would first be available on the returns submitted in 1968, it would not affect the amount of revenue raised for the Vietnam during...
Some of the stock market's troubles stem from a worsening shortage of investment money. Salomon Bros. & Hutzler, a leading bond-trading house, predicted that commercial banks will have $3 billion less to put into long-term credit this year than last. With a swiftness that startled even investment men, the money shortage has driven interest rates on some new bond issues to 45-year peaks, prompting investors to sell stocks in order to buy bonds. Last week $40 million of Long Island Lighting Co. bonds went on sale with a 5.13% interest return, one of the highest yields...
Prices are low because worries are high, and investors are reacting-probably overreacting-to the economic implications of the Viet Nam war. They are afraid of higher taxes and more controls on the economy, perplexed by the squeeze on credit and pressure on profit margins. In this emotional atmosphere, such basic and broadly held stocks as oil, drug, retailing, chemical and utility issues generally weakened last week; many popular highfliers in electronics, color television and office machines held fairly firm. But as prices fell, so did trading volume on the New York Stock Exchange-a technical indication that prices...
When a new Sears store opens up, curious crowds form thick lines in front. Lured by such innovations as price tags, one-stop shopping, money-back guarantees, credit buying, parking space and prompt deliveries, customers have turned Sears's air-conditioned Latin American bazaars into human hormigueros, or anthills. What shoppers primarily come for, however, are the goods, which are tailored to Latin American tastes. Clothing styles owe more to Europe than the U.S. The tool and paint departments, which are mainstays in the U.S., scarcely exist in Latin America, where cheap labor and a middle-class aversion...