Word: tightener
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Dates: during 1960-1969
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...from outlays for "controllable" programs and 2% from personnel costs. Even with that, federal spending in this fiscal year will climb to $136 billion, as measured by the administrative budget, and the deficit will be close to $20 billion-highest since the World War II era. That threatens to tighten credit and increase interest rates, raise consumer prices and debilitate the dollar. Obviously, the budget must be cut still further...
...Complaint. Established in 1952 under the Secretary of Defense, NSA, like CIA, is an outgrowth of the nation's post-World War II effort to centralize, tighten and sharpen the role of U.S. intelligence in the cold war. Almost unknown to the public, NSA has clearly been more successful at warding off journalistic attention than its sister agency. It is symptomatic of the extreme secrecy shrouding NSA that its director, Lieut. General Marshall S. Carter, is a nonentity even to Washington insiders. Yet, like CIA's, the agency's tentacles reach deeply into the academic community...
...thirds of Finnish exports, are badly squeezed. Timber owners, mostly small farmers, are holding out for higher prices. Some mills closed down this year, others are working at insignificant margins or at a loss. "Against this background it would have been difficult if not downright impossible to tighten credit policy further," said Bank of Finland Governor Klaus Waris...
...makes decisions about new towns tough for the Government. The country has a limited amount of farmland and a severe housing shortage. But if new towns are to be built, farmlands must be lost. In addition, England's balance of trade deficit has forced Wilson to freeze wages and tighten money. But these measures make investors less willing to move or expand into new towns...
...comes from the Federal Reserve Board, which has been pumping credit into the economy so fast that it has expanded the money supply at an annual rate of 7.7% so far this year, against only 2.2% during the 1966 tight-money squeeze. Looming inflation should impel the Fed to tighten up soon, but if it does many financial men fear the Treasury will be hard put to borrow $10.6 billion before year's end to pay the nation's soaring bills. "I think the Fed has been had," said former Chief White House Economist Raymond Saulnier last week...