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Overheating Again. Nonetheless, the credit squeeze has reached such proportions that it is itself becoming a major economic problem. It has hit hard at the housing industry, now in its worst slump in several years, at the small businessman and at the average consumer, who is paying more for every...

Author: /time Magazine | Title: The Economy: A Call for Action | 9/9/1966 | See Source »

Blood Through Bs. Unlike the Russian inventions, in which staples must be loaded one by one with tweezers, U.S. Surgical Corp.'s more advanced instruments use throwaway, presterilized cartridges. The carefully engineered instruments are lighter and remarkably versatile. They can fire as many as four different sizes of sutures...

Author: /time Magazine | Title: Surgery: A Stitch to Save Nine | 9/2/1966 | See Source »

Across the Board. That cost-of-living squeeze last week moved President Johnson to exhort business and labor to keep prices and wage boosts within "reasonable bounds," lest the Government feel forced "to take other measures." What these measures might be, Johnson did not say, though higher taxes (after the...

Author: /time Magazine | Title: Prices: Up, Up, Up | 9/2/1966 | See Source »

> In West Germany, credit is so tight that Frankfurt last week canceled plans to build a new subway system, while Düsseldorf was forced to call off construction of a new city hall, auditorium and athletic stadium. The credit squeeze is even tougher on private industry. Corporations with Triple...

Author: /time Magazine | Title: Money: Where It Isn't | 9/2/1966 | See Source »

Though effects of the credit crisis vary from country to country, Europeans are in general agreement about what has caused it. "The center of the disturbance," says London's Financial Times, "is undoubtedly the U.S." Caught in their own credit squeeze at home, U.S. corporations have been raising more...

Author: /time Magazine | Title: Money: Where It Isn't | 9/2/1966 | See Source »

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