Word: midyear
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...rise in the U.S. cost of living may not begin to slacken markedly until January. The date represents a considerable stretch in the Administration's former timetable for halting soaring prices. As recently as June, the White House was promising such signs of economic slowdown any time after midyear. In two talks during the week, however, McCracken counseled the nation to be patient...
...Both market slides began with worries about overspeculation and increases in bank interest rates. There are, however, important differences. In both 1966 and 1969, the Federal Reserve Board tried to control the expansion of credit by restricting the money supply. But in 1966, the board moved clumsily, swerving at midyear from monetary expansion at a 6% yearly rate to contraction at a 2% rate. Credit evaporated, investor buying power disappeared, and stocks collapsed. This year the money supply has expanded at a modest annual rate of about 21% - just enough, FRB Chairman William McChesney Martin hopes, to accomplish "disinflation without...
...jeopardize her suburban status. She vows that in the future she will make use of hate, envy, lust and fear. But for a woman who believes that art is condensed reality in the way that concentrated orange juice is the essence of a healthy breakfast drink, such a midyear's resolution will scarcely be enough...
...rank group at midyear...
Cutting Costs. Boeing has 167 orders totaling more than $3.3 billion from 28 airlines. Pan American plans to put the first jumbo jet into service across the Atlantic in December, with TWA following about two months later. By next midyear, Pan Am plans to have 25 of the 747s, each costing more than $20 million...