Word: financee
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Dates: during 1960-1969
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Valéry Giscard d'Estaing, 43, Finance Minister, was Pompidou's second choice for the job, after Antoine Pinay, France's personification of financial stability, turned the post down. Giscard was an obvious alternative, if a controversial one to loyal Gaullists, who dubbed him "Giscariot" after...
Such candor is required by Federal Reserve Board Regulation "Z," which takes effect July 1. The 59-page regulation tells what stores, banks, finance companies, auto dealers and other cred itors must do to comply with the Truth in Lending Act that Congress passed last year. Among other things, the...
The main problem may be enforcement. No fewer than nine federal agencies share responsibility for finding and prosecuting violators, who may be fined up to $5,000 and jailed as long as a year. In addition, a victim may sue for twice the amount of any misrepresented finance charge and...
As France prepared to elect its first new President in more than a decade, the two surviving candidates to succeed Charles de Gaulle virtually reversed their earlier campaign strategies and styles. Interim President Alain Poher had conducted an aloof, deliberately understated campaign during the first round of voting, basking in...
The Federal Reserve compounded the difficulties by unwisely permitting the money supply to grow much too fast, partly because it had to supply funds to finance the Government debt. Last summer the board's governors rroneously concluded that the surcharge might jolt the economy into recession. The board then...