Word: stiff
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...essence, the board is trying to make credit scarcer and costlier without choking it off altogether. Loans are still available for a stiff price, but shortages are beginning to appear, and business borrowing is declining. Some Chicago banks will make loans only to longstanding corporate customers. A would-be new borrower is out of luck unless it happens to be a giant company. In July mortgage interest rates staged the fastest one-month rise ever and are now as high as 9% where state laws permit. Some S and Ls are raising down-payment requirements from 20% to as much...
Though immeasurably better than flabby Phase III and slightly tougher in some ways than the relatively successful Phase II, the latest controls are by no means as stiff as the Administration had hinted they would be. They allow farmers to sell for whatever the market will bear; they continue earlier wage guidelines; and despite some tightening on profit margins, they will pinch most corporate earnings only slightly. Phase IV should slow the rising price spiral, but there is little chance it will lower inflation to acceptable levels this year...
...sail between nonsense and terrible absurdity--sail between stiff, coherent system which has nothing to do with the universe (the stiffness of numbers, grammatical constructions) and the universe, which has nothing to do with the names we give or seize our leverage by. Let man take his reasoning place, expecting nothing, since man is not the invisible player but the player's pawn. Seize the whole board, snatch after godhood, and all turns useless waste. Such is my story...
...about ten years younger at other universities with A.C. programs, as Dartmough, Cornell, Yale. One explanation is the environmental one: Hanover and Ithica offer a country-and-campus package attractive to those who wish to excape an urban environment. Another reason high cost. Younger alumni cannot affort a stiff $275 (for 10 days) for a refresher course. (Yale's price...
Rowing in a stiff crosswind, Parker's unit led all the way defeating the Dutch crew by 2 3/4 lengths and covering the one-mile 550 meter course in 6:35. Third in the event was a strong eight from Wisconsin...