Word: tightens
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Dates: during 1950-1959
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...Austerocrats. Some hopeful signs are beginning to appear. Up against it, the sick nations of South America have begun to produce men of austerity and courage, who are insisting that their people tighten their belts for a return to realistic economies. President Pedro Aramburu of Argentina, an eloquent preacher of the gospel of higher productivity, has in the past two months successfully resisted three large-scale strikes for increased wages...
Tough Medicine. To tighten money, Finance Minister Ichimada asked Japan's central bank to 1) hike its rediscount rate from 7.3% to 8.4%, 2) tighten up reserves of commercial banks to make loans harder to get, and 3) raise deposit requirements on import licenses from 5% to 35% of the shipment's total value, thus immediately tying up an estimated $40 million worth of importers' funds. As a result, imports dropped an average $25 million monthly, were actually slightly behind currency-earning exports for the month of October. Moreover, inflation at home lost some of its steam...
...Banker Wallenberg, one of the chief reasons undeveloped countries today cannot find the foreign capital once readily supplied is that the savings in the industrialized countries are too low for the need. With money short all over, they have had to tighten up on credit and interest rates to check inflation, bringing on a survival-of-the-fittest competition among borrowers. Therefore, "projects with relatively low earning power...
...question was: Which coach would outguess the other? "Miami runs like hell, and they may pass, too. I don't know what to do," moaned North Carolina Coach Jim Tatum. Big Jim even telephoned to Georgia Tech's clever coach. Bobby Dodd, for some last-minute advice. "Tighten up the middle if you want to stop Miami's power," Dodd warned him. Concluded Tatum: "I guess I'll just contain...
...early postwar years, under FHA's Section 608, builders could put up middle-income housing with FHA help without tying up a large amount of capital. But in 1954 a spate of scandals broke about .builders who made windfall profits under 608. In its zeal to tighten up, the FHA overdid things. Even though the windfall profiteers were only a handful among thousands of honest builders, FHA now suspiciously administers its new 207 program, sets extremely rigid standards, digs through construction figures long after it has approved-threatens builders with future disapproval if they balk at making changes. Result...