Word: risings
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Dates: during 1960-1969
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Increases in interest rates have usually been tolerated as a necessary evil in the fight against inflation. Last week, after announcing the fifth rise in the prime rate since December, U.S. bankers were greeted by an uncommon backlash. Criticism of the move came not only from the perennial easy-money advocates but from other responsible sources. Their contention was that the bankers have been just too cavalier about the cost of money...
...Washington, Treasury Secretary David Kennedy sent a long-distance rebuke to some of the bankers, who had been talking freely in Copenhagen about ordering still another rise in the prime rate. Kennedy defended the latest increase but told bankers that in the future they had better "find other methods to make those difficult credit-allocation decisions." The clear warning from Treasury: No more increases. Meanwhile, the Federal Reserve Board is considering telling U.S. bankers to "voluntarily" limit their loans to the total that they now have outstanding...
Frei seemed to have made everybody more or less happy, but he had not reckoned on price increases that resulted from rising world demand for copper. When Frei worked out his plan, copper had been averaging about 290 a pound; last week on the London Metal Exchange it sold for 690. Although the rise benefits both Chile and its U.S. partners, many Chileans are displeased...
...Advertising Inc. and Manhattan's Howard Sanders Advertising & Public Relations. For 15 years, Vince Cullers got by on the fringes of advertising as a freelance artist in Chicago; it was tough for a Negro to find a job in a white agency. In the past three years, the rise of black consciousness has turned his color into an asset. His agency now bills an estimated $1.5 million a year from accounts that include Kent, Newport and True cigarettes, Wayne-Gossard Corp. and the Joe Louis Milk Co. His ads are characterized by what he calls "a pride in being...
Darryl F. Zanuck seized control of 20th Century-Fox in 1962 after a lot of nasty infighting; in five years he and his son Richard turned a single-year loss of $39.8 million into a single-year profit of $12.5 million. Success, naturally, bred envy. And envy gave rise to tales of dirty dealing, venality and grossness. Two years ago, the company gave the run of the lot to a freelance writer, John Gregory Dunne. Dunne could attend any meeting, drop in on any set. He would learn the truth, and the truth somehow would set 20th Century-Fox free...