Word: tighter
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Dates: during 1960-1969
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...board is split by a rare public debate over whether, when and by how much to expand the money supply. Last week Vice Chairman James L. Robertson called for "tighter and more painful controls" to eradicate the nation's "inflation psychosis." Such tough talk reflects a serious worry that is still shared by the majority of the board's members. They fear that even the slightest move toward easier money or lower interest rates would be misinterpreted by businessmen as a signal to get set for another jolt of inflation. In the minority at present, Board Members Sherman...
...Alice in Wonderland logic of inflation fighting, the Administration's policymakers welcomed the confrontation. They feel that a tighter economy will force lower wage settlements. President Nixon says that he wants everybody to show "backbone" in resisting inflationary wage and price increases rather than relying on White House "jawbone." General Electric, the fourth largest manufacturer in the country, is notorious among union men for its stiff take-it-or-leave-it negotiating tactics. Thus, G.E. seemed an ideal battlefield on which to Jet management and labor fight to a settlement while the Administration watched from the sidelines...
Olympian Unconcern. Union economists argue that the worker has been hardest hit by inflation and is the one who will get squeezed the most in a tighter economy. A.F.L.-C.l.O. President George Meany said last week that labor would not buy Nixon's call for wage moderation. He promised labor will continue to press for more and more, as prices continue to rise. In major contracts negotiated through September, the median increase in wages and fringes has jumped to 8.1% as against 6.6% for last year; in the construction trades, it is 12.5%. These are the kinds of increases...
...fiscal 1970, Corporation Treasurer George F. Bennett '33 has predicted a large deficit although "the Corporation has been tougher this year and depart-mercial budgets are tighter. Such a deficit would be the first in 15 years...
...that Coke can persuade them to come across. Franchise contracts are now so liberal that bottlers can do things that dismay headquarters-for example, placing some Coke signs on outhouse walls. At next week's convention, Coca-Cola will introduce a "modern" contract designed to give the company tighter control...