Word: money
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Dates: during 1960-1969
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Added Crunch. Beyond that, administrators of the Government's federally insured student-loan program can already see the bad news reflected in a spurt of new loan applications. The added crunch comes at a time when tight money and the failure by Congress to adjust the loan program to the current money market threaten thousands of college and university students...
College trustees were once viewed as old curmudgeons interested primarily in saving money and having winning football teams. Though the average age of trustees still hovers well beyond the half-century mark, a few schools have begun to foster a youthful image...
...state legislatures are discussing proposals to ban nonreturnable bottles. In addition, there is talk among Federal officials about a possible "effluent" tax on a variety of consumer containers. In effect, this might resemble the deposit system. The consumer would pay a small tax per can, then get his money back when he returned the can for reuse. It is an ingenious idea, but it will need far more political support before it can come to pass...
...invasion by strangers. Deal Police Chief John Rehm Jr. defends his community's bathing restrictions on the ground that they are necessary to prevent Deal from turning into "another Coney Island." Officials in Washington, D.C., note that a few states and towns have withdrawn applications for federal money to help buy beachfront property under the "Open Space" program. Reason: all such beaches must be open to the public...
...riddle of inflation is growing steadily more perplexing. The question is not whether, but when, the overexuberant economy will be brought under control again by tight money, higher taxes and a surplus in the federal budget. Last week Paul W. McCracken, chairman of the White House Council of Economic Advisers, admitted that a full year of tight money might be needed to slow price inflation. That would mean that the swift 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...