Word: tightness
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Dates: during 1960-1969
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...Texas Democrat Wright Patman two weeks ago, was an expected but more than usually hyperbolic condemnation of William McChesney Martin. At each of his 18 yearly appearances before congressional committees, Martin has been routinely scourged for his chairmanship of the Federal Reserve Board, which Populist Patman blames for tight money and high interest rates. This year Patman has plenty of company. More critics than ever, ranging from academe to the new Administration, are taking aim at the nation's central bank...
...powerful but least understood agencies; it treasures its independence from President, political parties and pressure groups. Martin and the six other governors of the Federal Reserve manipulate the levers that control the nation's money supply and interest rates. Today, as a result of their actions, money is tight and costlier to borrow than at any time since the Civil War. To their distaste, bankers have to turn down customers seeking loans; businessmen have to put off some projects because credit is so expensive; brokers watch helplessly as investors shift out of stocks into high-yielding bonds; customers have...
...fairly steady range of 2% to 6% a year-just enough to match the "normal" pace of economic expansion (TIME, Jan. 10). To go above or below these limits, he says, is to invite inflation or deflation. The board in recent years has shifted radically and rapidly from tight money to easy money and back again, sometimes increasing the money supply at an annual rate...
...gracious as Lola, but her seductive simplicity is too hard-edged for Demy's blurry art nouveau. Dressed in clinging blue T shirt and form-fitting jeans, Gary Lockwood makes his way through a thankless role mostly by shifting his feet uncomfortably. Either those jeans are just too tight, or he's trying to stay out of Demy...
...will not automatically turn into Gen Ed 148 and 149 or Gen Ed X and Y next year. Edward T. Wilcox, director of the Program of General Education, will not say what his opinions are on the courses. His budget, it is known, is tight, and his attitude toward a similar course. Soc Sci 125, certainly cannot be considered very cordial. It is doubtful that 125 will be given next year. According to the people who run 148 and 149, moving the course out of Soc Rel is tantamount to killing it. From Roger Brown and Edward Wilcox, there...