Word: offsets
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Dates: during 1960-1969
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...causes housing experts little anxiety, they do worry about the abundance of new mortgage money from commercial banks. When the Federal Reserve allowed commercial banks to raise interest payments on savings accounts to 4% last January, the banks began pumping money into FHA-insured home loans to offset their own increased costs. In the elbowing for new business, there is a danger that the banks will sign up an increasing percentage of bad mortgage risks. Confides a leading West Coast banker: "Again and again I have to tell my branch managers that I would rather have a soundly conceived mortgage...
...from the Old Guard last month. In 1960 Grenier spearheaded the Nixon effort in Birmingham, takes pleasure in the fact that the Republican Presidential candidate got 60% of the vote. Since taking over the state chairmanship, Grenier has opened a full-time headquarters, complete with staff, Addressograph machines, multilith offset printing presses, and a $150,000 budget. Says Grenier: "The young people were sick and tired of the one-party system in the South. It was just ridiculous, and the old people wouldn't change it. We can win. We've got a product and a sales force...
...drain caused by military expenditures abroad-which have totaled $29 billion since World War II-could probably be cut back without damaging the military posture of the free world. The U.S. has already persuaded Germany to offset the dollar cost of U.S. troops stationed there (about $600 million a year) by buying an equivalent amount of arms in the U.S.; more pressure might produce similar arrangements with other nations. Some feel that the U.S. military abroad should be supplied directly from the U.S. on a larger scale...
...offset research orientation, Pusey has said he will rely on "a dissenting voice on behalf of the College" and this is where Monro comes into the picture. The Dean of the College traditionally attends the meetings of the Committee on Educational Policy, but where past College deans have in many cases been considered primarily to be administrators, Monro is also known as a source of ideas. Even if Ford's voice in College affairs will be a little less omnipotent than was Bundy's, Ford will still have another, hitherto undiscussed responsibility; and it is a responsibility whose importance...
...more than $250 million) has lately seen more than 10% of the German detergent market grabbed off by Colgate and Procter & Gamble, who have been spending twice as much on advertising as Germans normally do. Konrad Henkel, who shares control of his company with eleven relatives, believes he can offset U.S. advertising with German science, is steadily automating his plants, and has his chemists working with textile makers to develop fibers that will get cleaner quicker with Henkel detergents...