Word: pumpings
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Dates: during 1960-1969
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...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 that 1967 will bring real improvement...
Like no other mayor since Fiorello La Guardia, Lindsay has displayed a style and vitality that seem to pump adrenaline into the city. He calls his administration a "wild show" and pur sues his quest for "visible government" by ranging the city day and night, turn ing up at fires and theater openings, dropping into police stations and art galleries, presiding at Waldorf banquets with bigwigs and at street-corner chaf-ferings with slum constituents. He has, in fact, an excess of both zeal and guts that has made him assault the city's gargantuan problems with reckless disregard...
Last week, for the second time in a fortnight, President Johnson responded to the industry's cries for help by doling out a little federal mortgage money. He ordered the Federal Home Loan Bank Board to pump as much as $500 million into savings and loan associations over the next three or four months in order to help them step up their lending on homes. The week before, the President had released $250 million through the Federal National Mortgage Association for direct Government purchase of FHA and VA loans on low-priced new homes...
...rapidly widening gap between production and demand is already helping to drive up rents in some cities, and there is worry in Washington that actual housing shortages may appear by mid-1967. When the pent-up market finally makes itself felt, the resulting housing rebound could well pump new steam into the whole U.S. economy...
...Manhattan eight months ago, now takes in about $240 a week as the operator of a midtown newsstand. David Flowers, who had to give up his job as a house painter after he injured his back in an auto crash, has become the owner of a thriving eight-pump, seven-employee service station on Chicago's South Side...