Word: tightness
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Dates: during 1960-1969
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Money may be tight in the U.S., but across the country millions of people are finding their mailboxes crammed with unsolicited applications for bank credit cards that promise, among many other things, instant loans of up to $500. The card craze has spread as banks have intensified attempts to expand in the consumer credit field, which can be enormously profitable. Banks often earn a true annual interest of 18% on merchandise charged on the credit cards, and 12% to 24% on the "instant money" that a customer can borrow upon presenting his card at the bank...
...jubilation as yet in the White House, no cheering in the ornate board room of the Federal Reserve. But last week there were some promising signals that the momentum of inflation may be slowing. Policymakers-who have waited with growing impatience for the classic devices of high taxes and tight money to take effect -at last had some cause for optimism...
...would be wiuirg to reduce any Government spending that reaches their own pocketbooks. Surprisingly, those polled favored wage-and-price controls by 50% to 26%; practically every economist has damned such controls as unworkable. By a big margin, the respondents also want to do away with the surtax and tight money, though economists on all sides believe that those measures are needed...
Port Hedland today has a population of 5,000, new schools, motels, a drive-in cinema and facilities to handle the mile-long trains that chug in from the mines. It also has an air of rough and easy freedom that is attractive to the miners after the tight discipline of Mount Newman and other camps...
...kidding. It's gonna be a real tight summer. Oh, here's a nice one. Uh!" He grunts. "Doesn't want to give in. Uh! That...