Word: spurs
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...economy's wealth. Basically, the notion is to have the government underwrite the cost of stock purchases in private and public corporations for workers who could not otherwise afford it. In addition to giving Puerto Ricans a second income, the plan is expected to stimulate consumer demand and spur business growth. The idea was developed by San Francisco Lawyer and Economist Louis Kelso (TIME, June 29, 1970), who helped draft the program. He has been working for years to get such a plan adopted in the U.S. at both the federal and state levels...
Cutting Red Tape. The FHA helped spur the first surge of suburb building in the early postwar years. But in the 1950s, savings and loan associations, the chief source of housing credit, began to shun FHA-insured loans because the agency had a rigid ceiling-5% when MGIC started-on the interest that lenders could charge to home buyers. By offering private insurance, Karl enabled S and Ls to obtain higher interest rates on secure loans and still cut the down payment below 20%. Moreover, Karl successfully slashed through the FHA's red tape. MGIC guarantees to approve...
...hung stubbornly close to that level for most of the year. The combination of unemployment and inflation frightened consumers into a particularly wary mood, and the deficit budget that Nixon unfurled early in the year-in another philosophical defiance of G.O.P. tradition-proved insufficient to spur the spending necessary for prosperity...
...Giant Spur. A crucial test will come within the next four or five years. Binger and Keating plan to introduce Honeywell's first full post-acquisition line of advanced computers. They must be able to function well alongside the 35 other lines of Honeywell and G.E. computers already in the hands of customers. Spurred by competition from Honeywell and from small manufacturers of cut-price computer accessories, IBM has been introducing new models and lowering prices. In the face of such obstacles, Honeywell executives are not saying how long it will take to attain critical mass, but Wall Street...
Given the spur of fresh competition, the Europeans are plainly hoping to repeat their early burst of economic growth, which after averaging 9% a year from 1958 to 1969 has slowed considerably in the past two years. The expanded Common Market's influence will stretch from the equator-counting former French and British African colonies that have been granted special trading arrangements-almost to the North Pole, assuming that Norway joins after a referendum next summer, along with Denmark and Ireland. The Ten will have a population of 258 million (see map), a combined gross national product that...