Word: crediting
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Dates: during 1950-1950
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...parrot will visit large drugstores, perform at conventions, etc., and may be presented on radio and television. The Le Blanc Corporation has a triple A high credit rating...
...same way, the surge of scare buying by civilians in the first post-Korea rush had caught the eye of Congress and helped bring on consumer credit controls. By last week, sales had slumped until they were barely above the previous postwar peak in 1948. Moreover, many a family which had decided in July to buy a new car or get the house painted-and hadn't yet done so-was now giving the matter second thought...
Sharp Cuts. This week the Administration planned to slap on new credit controls designed to trim the rate of new housing starts from the current 1,400,000 a year to 800,000. That alone would free about $3 billion worth of materials and thousands of workers. In fact, builders already had cut back so sharply that some of them were warning that existing controls will carry "deflation" in building too far (see Housing...
...accomplish the cutback, said the builders, is not by direct price, wage and materials controls, but by credit restrictions. In fact, said the builders, inflation in general must be attacked not by direct controls, but by "higher taxes, the control of credit [and by] stopping all unnecessary Government spending...
...worried builders frankly agreed that, thanks to free-handed Government credit, the housing boom had just about got out of hand...