Word: digitized
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...frightening doctrines" of the left wing any worse than those of a government that is responsible for 10% unemployment, double-digit inflation and a crippled (and still declining) economy...
...main causes of the problems for the thrift institutions are double-digit inflation and interest rates, which were both unheard of in 1831 when the first S and L in the U.S., the Oxford Provident Building Association, was founded in Philadelphia. The nation's S and Ls and mutual savings banks today hold $650 billion in long-term mortgages, nearly three-fourths of the U.S. total. But about one-third of those were written within the past decade at interest rates of 8¾% or less. Moreover, during the past two years the costs to the thrifts of acquiring...
...league tuition, room and board hikes average almost 15 per cent for 1981-82, pushing costs to five-digit levels in most colleges. Harvard leads the pack at $10,540. Figures from The Dally Herald
...Southeast Asia and his Great Society programs. This bequeathed to Richard Nixon a 5% inflation rate, which he tried to curb by tightening credit, raising taxes and instituting wage and price controls. When the controls came off, money under pressure shot into the marketplace, and now double-digit inflation is commonplace...
...opening gun. Talking quietly but seriously for 18 minutes in layman's language, the President asserted that the nation has no choice but to break with its past profligacy. Said he: "We have to face the truth." Ticking off some familiar statistics -back-to-back years of double-digit inflation for the first time since World War I, 7 million unemployed, a national debt of $934 billion-he warned that "we are threatened with an economic calamity of tremendous proportions, and the old business-as-usual treatment can't save us." The fault, he said, lies...