Word: tight
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Dates: during 1970-1979
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Providing these needed vehicles would cost about $4 billion. An extra $600 million is needed annually by the Army just for enough bullets, artillery shells and mortar rounds for adequate training. So tight has money been that Army crews training in Europe have been allowed to fire only one TOW antitank missile (cost: $5,000 each) a year. Experts believe that minimum proficiency would require three TOWS annually for each crew. Several additional billions of dollars in each of the next few years would be required if the Army sought faster delivery of some major new weapons. Only eight Black...
...tight at the waist and in the back, loose at the hips and thighs, tapered at the ankle. Since summer the new silhouette, mostly in denim and corduroy, has been cropping up increasingly, combined with close-fitting T shirts, dressy silk blouses, and short boots. Response to the new look so far has been liveliest in New York City and Miami, where buyers for department stores are having trouble keeping up with demand. French versions of the baggy jeans, dubbed "Texas," sell for more than $75 at such trendy New York stores and boutiques as Bendel and Henry Lehr...
...think taking time off from Harvard is good in the respect that you can see how the real world functions," Eichner says. "You get a chance to deal with a more human side of life instead of just working within the tight narrow framework formed by studies and sports...
...monetary policy can't solve domestic inflation when well over half that inflation traces its lineage to the tankered waters of the Persian Gulf. If OPEC intends further price hikes--as it apparently does--then to make headway against inflation Volcker will have to squeeze America's economic arteries tight enough to cause gangrene. Paul Samuelson, Ec 10's law-giver, calls this "sadism...
...this invisible money is, of course, available any time to buy a car or a TV or a vacation in Miami, or to finance a corporate takeover on Wall Street. The policy danger posed by this credit proliferation is that a tight money strategy may indeed cut down the growth of the Fed's "official money," but spending would just keep on surging and spurring inflation anyway. Urges Wall Street Economist Henry Kaufman, an internationally respected expert on interest rates and credit: "What we need now is a new monetary growth target that I call the 'debt proxy.' It would...