Word: money
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...naughty behavior as sending an assistant to spy on another team. Georgie said that he "never asked for anything for myself, only for things that would help the players and give the fans a winning team." Danny said that Georgie encouraged the players to ask for more and more money and that he was turning them against the management. Georgie's wife said that her husband's only intent was treating the players "as if they were his own children...
...rate at which bankers themselves can borrow from the Federal Reserve. But it made no change in the 6¼% ceiling on the interest that banks are allowed to pay on large time deposits, which account for about $23 billion in U.S. banks. As money rates in the open market spurted above 6¼%, New York City banks alone lost almost $1 billion in such funds as corporate treasurers took advantage of the higher return available on bonds and even U.S. Treasury securities. Some economists expect banks to lose as much as $4 billion more during the first three months...
Aiming at Business. The last time funds drained out of lending institutions at such a rate was just before the crisis that bankers call the "1966 credit crunch." Bond prices crashed, the Dow-Jones average plunged 18%, and mortgage money grew so scarce that housing starts fell to a postwar low. Though some pessimists fear that all this could happen again, the banks have considerably more cash on hand in 1969 than in 1966. The Federal Reserve is also using its monetary weapons with more finesse...
Besides raising the cost of money, the Federal Reserve has been acting to constrict the nation's money supply. For much of 1968, the Reserve Board allowed the money stock to grow at an annual rate of 11%. But in the four weeks ended Jan. 1, the money supply rose at a 3.6% annual rate. By any measure, that amounts to a significant-if so far brief-squeeze...
...Economist John Kenneth Galbraith when he complains about the affluent society: "The priority given here to goods compared with that given to social and cultural needs shows the degree of our corruption. Italian industry thinks only of the expansion of consumption. And it is not with culture, but with money, that one buys." Many of the critics, particularly the protesting student extremists, take their prosperity for granted and never knew the general privation of times past. Gianni Agnelli has a keen understanding of the social dissent. "The people of the older generation compare the life that they had with...