Word: tighten
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Dates: during 1950-1959
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PHONY TV ADVERTISING will come under closer watch by the FTC and the Justice Department. They have agreed to tighten prosecution against deceptive commercials in the food, drug and cosmetic fields. Convicted advertisers would face criminal penalties of up to $5,000 and six months in jail for a first offense. Second offenders would face a year in jail and a $10,000 fine...
...Time to Tighten Up. Treasury Secretary Robert Anderson had already proclaimed (TIME, Oct. 12) that "there is no longer justification" for European countries to maintain discriminatory restrictions against dollar imports. Washington also believes that if U.S. salesmen would get out and hustle, U.S. exports could be boosted significantly...
...Tighten Up. To qualify for substantial foreign help, able Commerce Minister Alberto Ullastres (a former economics professor) flew home from a last round of conferences in Washington and Paris, to start a long list of major reforms. The government decreed that the peseta, which up until now has been subject to at least 13 different exchange rates, would be fixed at 60 to the dollar. Excused for the time being from paying $45 million in foreign debts. Spain would get an injection of $375 million in additional aid from the U.S., OEEC, the International Monetary Fund, private U.S. concerns...
...Announced, in a move to tighten U.S. relations with Africa's new states, that the Republic of Guinea's President Sékou Touré (TIME cover, Feb. 16) had accepted an invitation to make an official U.S. visit next October...
...Tighten credit and stop printing paper money...