Word: spurs
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Dates: during 1970-1979
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...done more than Wriston to spur banking into aggressive expansion, and he is totally unapologetic about that course. If banks had not made unconventional loans, he says, the post-World War II explosion of world trade could not have occurred, and the past U.S. recession would have been worse than it was. Says he: "If we didn't want any loan losses tomorrow, theoretically I suppose we could pull out of all marginal situations. But I don't think that would be very good for society...
Still, some U.S. airplane manufacturers hope that the Concorde gets the green light at U.S. airports. They feel that the start of Concorde service would spur interest in their own efforts to develop an economical, environmentally acceptable SST, which the U.S. could build and fly by the 1990s. Considering the fact that no one is really sure about the Concorde's adverse effects on the environment, many airline executives also note that it would simply be unfair-and inimical to good international relations-to keep...
Long Term. Two immediate factors spurred last week's renewed upsurge. One was a firming up of the bond market, where prices have risen and interest yields fallen, making bonds less attractive than stocks to many investors. The other was a one-quarter point cut in the prime bank lending rate to 7% by Cleveland Trust Co., followed a day later by Chase Manhattan. Cheaper credit would spur economic expansion and encourage investors to borrow money to buy shares. But a sustained long-term rally will depend, of course, on the state of the economy...
...July will raise the price of "old" gas in production before 1973 by 6?, to 29½? per 1,000 cu. ft. "New" gas from recently developed wells is going up 1?, to 52? per 1,000 cu. ft. But the Administration contends that these rises are insufficient to spur production of natural gas, which even at the highest price sells for less than half as much as the equivalent amount...
...Reject prestige projects. Instead of constructing huge sports stadiums, sprawling airports and sparkling conference halls, poor countries could invest in so-called bottleneck-breaking programs: transportation and communication infrastructures that spur efficient industrial and agricultural output...