Word: tighter
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Dates: during 1970-1979
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...Kuwait, the Persian Gulfs three biggest Arab producers, which now dominate the Persian Gulf trade as Iran sinks deeper into internal chaos. Instead of moderate price increases, higher production and cooperation with Washington, the outlook for the cartel as a whole seems to be for substantially higher prices, tighter supplies and increasing disinterest in whatever the U.S. seeks...
...which is still hurting from the two-month loss of Iranian crude earlier this year, almost any new interruption in supply, no matter how modest or brief, will lead to tighter markets and higher prices. In their present jittery state, Americans are ready to start topping off gas tanks for almost any reason. Not only does the memory of a summer spent in gas lines remain fresh and infuriating, but so does the specter of the 1973 Arab embargo, which ushered in the age of energy upset...
...demographic reasons, the manpower squeeze is going to get even tighter. Because of generally declining birth rates since 1960, a decreasing number of Americans will be reaching the minimum military enlistment age of 18 in the 1980s. The Pentagon will have an ever more difficult time getting enough recruits to maintain the armed forces at their present strength of 2 million. In view of this prospect, there has been a revived questioning of the concept of the all-volunteer force, which was started...
...Reserve had to take strong action to fight inflation and thus defend the dollar overseas. For a year, Volcker was a senior fellow at Princeton, but in 1975 he returned to the New York Fed as its president. In the past year Volcker voted at Federal Reserve meetings for tighter money and was consistently outvoted by his colleagues. Then he got the top job and, with the economy in dire trouble, finally won unanimous support for the measures that caused last week's furor...
...heading higher. Many bankers predict that they may reach 14% by year's end. But in 24 states, including Illinois, New York and Texas, usury laws hold rates to 12% or less. Lenders there are likely either to cut back on making home-buying loans or attach tighter conditions to them. A typical instance: First Federal Savings & Loan Association of Chicago has just shortened the repayment period on all mortgage loans to 25 years from 29 years, and now requires a minimum 25% down payment, vs. 20% formerly...