Word: outlook
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Dates: during 1960-1969
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...rise since October. Ultimately, in assessing the entire economic situation, Johnson will probably turn his decision mainly on the tight-money problem. A shortage of mortgage money has sent the housing industry into a tailspin (see U.S. BUSINESS), shaking up businessmen in a dozen allied fields and clouding the outlook for the entire private sector of the economy. A Western Populist with an instinctive distaste for high interest rates, Johnson in the past two weeks has ordered federal agencies to pump $750 million into mortgage markets. Moreover, many bankers detect signs of a gradual loosening-up of money, are hopeful...
Back in Business. Despite that gloomy outlook, the mortgage-money market has begun to ease slightly. S & Ls, which normally make more than 40% of all home-mortgage loans, are now soliciting business again in some areas. In California, Illinois and Texas, a few S & Ls have shaved mortgage rates, though charges of 7% to 71%, plus a onetime fee of 2% to 4% for making the loan, remain common in the West...
...awful lot of fresh money to get the industry back into mortgage lending in a significant way," says President John W. Stadtler of National Permanent S & L in Washington, D.C. Happily, savings again are flowing into S & Ls, after huge withdrawals earlier in the year. But the brightening mortgage outlook could quickly fade, S & L leaders agree, if the Treasury goes ahead with its tentative plans to issue a 5% supersavings bond, which would suck money away from thrift institutions...
...Visser 't Hooft, one major change in ecclesiastical outlook created by the World Council is that Protestants no longer justify their disunity by saying that they all nonetheless belong to the "invisible church"-the concept of a band of Christian brothers united by baptism and faith but no outward ties. Today, he says, "all churches are aware that a unity that cannot be grasped is just as unbiblical as a faith that is kept hidden. It has now also become impossible to believe that the Western-European type of Christendom is the definite and normative form of Christian life...
...correspondent and later as freelance writer) to learn more. His chief conclusion, and the thesis of this lively book, is that Scandinavia really does I not exist as an entity at all. Denmark. Norway, Sweden, Finland and Iceland, while having much in common, are distinctly different in temperament and outlook, and are fiercely determined to stay that...