Word: tighteners
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...bankers have taken on too many chancy construction loans. On the other hand, the fact that the bankers have lent out so much reduces the prospect of economic excess. Because the banks have only a small supply of liquid funds, the Federal Reserve now has greater power to tighten up on credit should strong signs of inflation appear...
...twice" at all loan applications from builders. Prospective hotel builders have a particularly difficult time finding mortgage money (many lenders believe that the current room shortage in New York City is a short-range phenomenon that will disappear as soon as the World's Fair closes). Partly to tighten up lending by savings and loan associations, the Federal Home Loan Bank Board this year increased the associations' reserve requirements...
Many of Dirksen's amendments are technical, serve to tighten sloppy wording in the House-passed bill. But some are substantive, aimed at limiting the speed and frequency with which the Attorney General could move into local cases of discrimination. For example, in states that have agencies for handling bias complaints under public accommodations laws, the Federal Government would have to give the state agency at least 30 days to act before initiating federal action. In both public accommodations and fair employment, the Government would have to show that a pattern of discrimination existed before it could move...
Before the Chinese attack on Moscow last month, Dej had sent a delegation headed by Premier Ion Maurer to Peking to plead for an end to the polemics. Dej was afraid that any worsening of the split would force Khrushchev to tighten his grip on the Eastern European satellites, and Rumania was doing well without any more help from Nikita. Rumania boasts the highest industrial growth rate in Europe, a phenomenal 15%, and has achieved that growth by defying Moscow. The original role Khrushchev had charted for Rumania under its Comecon plan-the Red version of the Common Market...
...Union--out of the union hall at 17th Street, New York. Last summer there were four or five Harvard men doing the same. The hall serves a large number of college boys in the summer, when jobs are plentiful; in the winter when the steady hands return and things tighten up, it may be months before someone in Group II (the best a college man ever achieves) could get a job. Most ship in the Steward's Department, where the money is; the more adventuresome may ship deck; no one ever goes through the engine room, which is hell...