Word: trustedly
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Dates: during 1960-1969
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Reluctant Step. One reason the rate increase caused so little commotion was that it had been anticipated in banking circles for weeks; the only question was which bank would start it. New York's Morgan Guaranty Trust Co. took the reluctant first step. The bank is, after all, well attuned to credit pressures. A leading corporate lender, it was one of the banks most severely squeezed in the "credit crunch" of 1966. This time, the Federal Reserve Board's policy of gradual "disinflation without deflation" has kept U.S. banks at some distance from anything like the 1966 crisis...
...income increased $5.3 billion in February to a record annual rate of $491 billion. Most of that jump came from substantial wage increases, which spur businessmen to invest in labor-saving new facilities and equipment. Beyond that, says John R. Hunting, president of Philadelphia's First Pennsylvania Banking & Trust Co.: "Borrowers feel that inflation is here to stay and that it's better to borrow now than later...
...participate in the program, and the first undergraduates were accepted to do field work. The modern Chiapas Project began taking shape. Field workers learned Tzotzil, the Indian language, and lived with native families rather than in houses they built themselves. The increased contact paid off--the Indians began to trust the anthropologists enough to believe that their presence would cause them no harm...
...country. According to Macias, Ibongo poisoned himself in prison, though some Spaniards maintain he was beaten to death in his cell. Spokesmen for Macias said Ndongo was being treated in a Bata hospital. The 260-man Spanish garrison still remains. Macias, after first ordering them to leave, seems to trust his own troops no longer...
...FACT one might have asked, "Who didn't?" HPC, SFAC, and HUC came out with fairly cautious statements. The CRIMSON, too, for that matter. But these particular moderate institutions have no constituencies; they do not behave like political parties. It's discouraging, of course, if undergraduates don't trust themselves to come to an opinion without embracing some form of group-think. Even then, what would a party of "moderates" do except circulate one more petition? But a certain ROTC-caught-us-unprepared jingoism pervades YD's these days...