Word: limiteds
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Dates: during 1960-1969
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...Guards limit their scorn to foreigners. To Premier Chou En-lai's recent order to stop insulting and beating people, a member of the Red Guards last week replied: "Why shouldn't we insult? We shall also do some beating." The announced targets were "the rightists and revisionists" within the party, but in fact the Red Guards seemed to have declared war on the party in general. There were more reports of indiscriminate beatings of local party officials, and in one town the party leader was smeared with muck and dragged through the streets. Despite Chou...
...life's work in Southern California in 1917. He took over a failing cemetery, pioneered the concept of pay-now-die-later, which he delicately dubbed "The Before-Need Plan." Prices at Forest Lawn begin at $385 for the cheapest grave; after that, there is literally no limit. Eaton put up giant billboards all over Los Angeles, traded heavily on Adman Bruce Barton's slogan describing Forest Lawn as "a first step up toward Heaven." Eaton's basic pitch: "Everything at time of sorrow, in one sacred place, under one friendly management, with one convenient credit arrangement...
Board) to set ceilings for a year on interest rates paid to depositors by banks and by savings and loan associations. The limit of 5% on bank certificates of deposits of under $100,000 obviously will affect individuals more than corporations. It will force several hundred banks that have been paying up to 51% to roll back interest rates on new deposits. Mutual savings banks will be held to 5% on all deposits. In most cases, savings and loan associations will be limited to 4¾% on passbook savings accounts. S & Ls in California, Nevada and Alaska, which have suffered...
...another step to ease borrowing pressures, Johnson promised-and Treasury Secretary Henry Fowler promptly acted-to limit sales of certain kinds of federal securities, in order to "eliminate from the market as much federal demand for funds as possible." The President also asked the Federal Reserve Board and commercial banks to "seize the earliest opportunity" to reduce interest rates paid by borrowers-currently 6% for prime customers of major U.S. banks. As for interest rates paid to depositors, an Administration-backed bill giving the Federal Reserve Board and other regulatory agencies discretionary power to impose interest ceilings sailed through...
...state bonds enjoy a lower rate level because investors pay no federal income tax on their earnings. Nashville last week postponed a $25 million offer of sewer and water bonds, and Baltimore failed to obtain a single bid on a $31.8 million issue because the city set an interest limit of 41% - the equivalent of a 9% taxable investment for a man in the 50% income tax bracket. After housing, bond men forecast, civic improvements may well become the next big victim of high-priced money...