Word: tightener
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Dates: during 1960-1969
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...remember that the first one was to cut the cloth and tighten the economic belt, reorganize city departments and bring about greater efficiency; the second--to rebuild, restore, and revitalize investor confidence. Admittedly these have been done. There is more building going on in the City of Boston at this moment than in any city in America--that's by dollar volume in relation to per square yard area and in relation to population served. The third aspect of the program was to endeavor to have the Commonwealth assume its fair share of the responsibility for the City...
...feverish activity involves outright speculation that the American Exchange last week issued its sternest warning in years. Amex ordered 650 member firms to "discourage excessive speculation-particularly in volatile or low-priced stocks." It gave brokers until month's end to report what steps they have taken to tighten sales procedures and warn customers of the dangers. Added Amex President Ralph Saul: "As new generations are attracted to the marketplace, there is a tendency to ignore the realities of investing. Speculating soundly requires getting the facts, avoiding tips and rumors, recognizing the risks and undertaking only those risks that...
...saving formula by which they could re-establish relations with the U.S. and thus resume their balancing act between Russians and Americans. Washington has so far seen fit not to respond to such hints, but the time must come when, if it does not want the Russians to tighten their hold on Arabia irretrievably, the U.S. must try to restore American influence in the area...
...reason. Devaluation has the effect of raising the cost of imports by almost 17%, and most Britons figure that price increases will soon spread from food and industrial raw materials to other segments of their economy. Moreover, many consumers anticipate that the government will soon raise purchase taxes and tighten restrictions on credit buying. Thus the British spending rush concentrated on carpets, furniture, appliances, and television sets as well as soft goods...
...wasn't. Spotty profits kept businessmen cautious about expansion. Their borrowing served partly to pay off old loans and replenish coffers depleted by the 1966 money squeeze and the spring speedup in corporate tax collections; most of all, it reflected wide expectation that the Reserve Board might tighten up on credit or that the Government would pre-empt borrowable funds. Auto sales dropped to about 8,400,000, 7% below their 1966 level. "Mystified businessmen are still waiting for the frantic days that they were told lay ahead," complains Research Director Albert Sommers of the National Industrial Conference Board...