Word: tightening
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James D. Zellerbach, chairman of the National Manpower Council, urged in a radio address last night that the president tighten up the draft regulations which permit boys deferred for college under the 2A status to escape service by marrying and having children before they graduate...
...longer-term securities should discourage commercial borrowing, thus tighten up on credit, restrict inflation. Investors other than banks should be lured by their higher interest rates, hence fewer Government securities will be available as cash with which to expand bank lending. And the Federal Reserve System, which in the past was kept busy pouring support money into the U.S. bond market to keep it steady for new issues, will be freer to make major anti-inflationary moves...
...going to produce the necessary men, we will have to tighten deferments all down the line." He quickly added that possible policy changes are still in the planning stage, and can only be effected by a Presidential Executive Order...
After member-bank borrowing hit a 21-year high in December, the Federal Reserve Board last week approved the tightening up of bank credit. Eight of the twelve FRB banks immediately boosted from 1¾ to 2% the interest rate at which member banks may borrow money from them. By thus putting a light brake on borrowing, the FRB sought to tighten the money supply, thereby help prevent any further inflation. Bankers were surprised not at the boost but at its timing. Most expected an increase last fall, when borrowing began to pick up, instead of last week, when...
Much like the trainer whose stunt horse finally begins acting out of habit and not merely for sugar, draft officials think it is time to tighten student deferments and other exemptions or else scrap the whole Selective Service system and substitute Universal Military Training. Draft officials sense that students and everyone else of draft age now know they will have to serve sometime. With a dwindling manpower supply they contend that this is the opportune time to decide whether to skimp on deferments or institute UMT. But until President Eisenhower and Congress decide which course they will take, the present...