Word: tighter
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Dates: during 1960-1969
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Linebackers Matt Donelan and Don Chiofaro did their darndest to fill the gaps, and overworked cornerback Bill Cobb moved in tighter after the Lafayette touchdown...
Tight money got tighter last week. Led by Manhattan's First National City Bank, the nation's third largest, banks raised their prime rate-the minimum interest charge on short-term loans to top-quality borrowers-from 5¾% to 6%. That was the fourth increase in the prime rate in the nine months since the Federal Reserve Board started the trend by raising its discount rate-the interest charge for loans to member banks-to 4½% last December. Though the Federal Reserve has since stood pat on its basic yardstick of money costs, swelling demand...
Still, since the Johnson Administration is clearly unwilling to fight inflation either by cutting Government spending or by raising taxes in an election year, the prospects are that money will get still tighter. Says M.I.T. Economist Paul Samuelson, one of John F. Kennedy's chief counselors: "Since we're not using a tax fiscal policy to keep down inflation, the Federal Reserve will have to make more moves-higher interest rates and less credit." Across the U.S., businessmen were predicting that the Fed would soon reraise the discount rate...
...passion for guns, however, it would be unthinkable to ban firearm sales outright in the U.S., an action that would eliminate such legitimate uses as hunting, target shooting and, in some cases anyway, self-defense. But the Justice Department, bar associations and most U.S. police officials feel that much tighter gun controls are called...
...change appears in different ways to different people. It is visible: large numbers of students are constantly walking up and down Putnam Ave. It is financial: the rents in the area are gradually rising as the housing market grows tighter. And it is political: the vote stock of the area's local politician, Walter J. Sullivan, is diminishing steadily. Eight years ago, when Sullivan first ran for the City Council, he received more than 550 votes from his home precinct. His total has now declined to under 350. Sullivan is not lazy, and it is not inattention that accounts...