Word: tightest
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Dates: during 1950-1959
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After a year of the tightest money since the 1920s, the U.S. last week experienced a slight easing in the general demand for funds. It was partly due to the depressing effects of the steel strike and industry's uncertainty about investing heavily in inventory before a settlement is reached. But the Federal Reserve Board also eased money to take care of the usual extra demands around Christmas by permitting member banks to count a percentage of their vault cash as reserves, thus in effect adding some $1.4 billion in lending power...
...tightest-packed briefing of the week came from three veteran, well-prepared briefing officers: Son John, Press Secretary Jim Hagerty and Appointments Secretary Tom Stephens, all just back from riding the presidential jet over the whole 22,370-mile route. For two hours they went over the schedule in detail, pointing up problems, pitfalls and plans. The President suggested a few changes, approved the bulk of the plans. Highlights...
...Miami Beach there were opinions to fit every account. Said Louis E. Corrington Jr., president of Chicago's Southmoor Bank & Trust Co.: "Right now, money is the tightest I have ever seen it. It will be worse after the steel strike is over and companies start building inventories and go to the banks to borrow." Said Russell H. Eichman, vice president of Cleveland's Central National Bank: "If the steel strike requires a slowing up of auto sales, that in itself will automatically ease the tight money situation." Said Scott L. Moore, president of the American National Bank...
...tightest labor supply in booming Germany's history has employers at each other's throats not for customers but for workers-and there is no worry about the expansion in population that preoccupies many of the world's sociologists. One South German auto manufacturer, after hiring every idle man in 30 miles not confined to a wheelchair, sent a recruiting team through Germany offering competitors' workers big pay increases. Another employer offered to pay his men $9.52 to bring in a teammate. When a depressed Ruhr coal mine laid off 400 men, a Frankfurt rubber factory...
...Midnight Knock. Last week the U.S. Supreme Court, by the tightest of decisions (5-4), upheld the fine and the 1801 Baltimore ordinance, and ruled that the health inspector's visit did not violate the Fourth Amendment's guaranteed "right of the people to be secure in their persons, houses, papers and effects against unreasonable searches and seizures...