Word: tightness
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Dates: during 1960-1969
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...force jet fighters. The bad weather did not, however, inhibit the inevitable big parade. Down the broad Marzalkowska Street rumbled row after row of Soviet-made T-54 and T-55 tanks, followed by self-propelled artillery and mobile missiles. Next came squads of young Polish athletes marching in tight formations that spelled the Roman numerals XXV. The occasion was the 25th anniversary of the establishment of Poland's Communist government...
...control inflation never begin to take effect for at least six months. Paul McCracken, the President's chief economist, rather charitably calls that tense period of waiting and watching "the awkward months." Last week, seven months after Washington's policymakers set the anti-inflationary course of tight money and tough budgeting, there were indications that the economic slowdown is starting...
Most important of all is business's spending on new plant and equipment, which is the major thrust behind the 1969 inflation. Early in the year companies planned to spend some $73 billion on new facilities, or 14% more than last year. But tight money and prospects of less exuberant demand have begun to change boardroom thinking. The Business Council expects that spending will increase only 11% this year and probably much less in 1970. Robert Tyson, U.S. Steel's Finance Committee chairman, concedes that the scarcity of credit may force cutbacks...
...swing through Asia next week, President Nixon will skip Singapore, domain of Prime Minister Lee Kuan Yew. The omission is dictated by an understandably tight schedule, but it will deprive the President of some pertinent impressions. Lee, a Cambridge-educated pragmatist, has to a large degree succeeded in creating the sort of independent and self-assured nation that Nixon hopes will develop throughout the Far East. In the past decade, he has turned the island nation of 2,000,000 into Asia's second most affluent country. Though Singapore's population contains the Malay-Chinese mix that...
...secret negotiations with Technip, a French government-owned engineering firm. Without telling McKee, Cavanna signed a general agreement calling for a reshuffling of CTIP ownership among Technip, McKee and Italian companies. The idea was that divided leadership would enable CTIP employees to run their company themselves, rather than let tight control remain with the parent organization in the U.S. Despite the threat of a costly walkout, CTIP's McKee-controlled executive committee fired Cavanna and two of his collaborators. This month CTIP's 850 Rome employees went on strike. A group of militant strikers have taken over CTIP...