Word: rose
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Dates: during 1960-1969
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...help finance their spending, consumers borrowed more and saved less in 1968. From the year's second quarter to the third quarter, personal savings fell from an abnormally high 7.5% of after-tax income to 6.3%. In the third quarter, installment loans rose at a record annual rate of nearly $9 billion. And for installment buyers, as well as for businessmen, the availability of credit is far more important than its interest cost...
...year's end, a severe money squeeze was developing. Blue-chip businessmen had to pay 6¾% for prime loans, another alltime high, and many home buyers were paying well over 7¼% on mortgages. Bond yields rose so swiftly that scores of corporate and municipal borrowers postponed or scaled down the size of new issues...
There is reason to expect that next year demand will taper and the price spiral will slow. The tax increase is finally beginning to take effect: the after-tax income of the average American, which rose at an annual rate of $36 in this year's first quarter, increased $20 in the second quarter and only $4 in the third quarter. On Jan. 1, the taxpayer will be hit with an increase in Social Security taxes; the maximum payment, for people earning $7,800 a year or more, will go up from $290 to $374. On April 15, millions...
Though the Election Year rhetoric has subsided, law and order - one of the big issues in the campaign - remains a national concern. Last week the FBI reported that crime in the U.S. rose 19% in the first nine months of 1968 over the same period last year. Most of this crime occurs in the nation's larger cities, and a good portion of it during the predawn hours, when most citizens are home in bed. Presumably, police would be as alert in the early morning as at any other time. Yet the sorry fact is that while the cities...
...began by pining helplessly for Adele Domecq, the dazzling but unobtainable daughter of his father's business partner (Father was a sherry merchant). Much later in life, when he was past 50, he fell tragically in love with a nine-year-old girl named Rose La Touche...