Word: tighter
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Dates: during 1970-1979
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MONEY: Hoping to slow down the economy and restrain inflation, the Federal Reserve Board made credit costlier and tighter. The Fed raised the discount rate by ½%, to 7%-equaling the alltime high set in 1921. It also raised bank reserve requirements, which will make credit harder to get. These moves will certainly send up short-term interest rates. Banks will probably increase their prime lending rate to businessmen by ¼%, to a very steep 8%. The Fed acted in part because credit demand has been so great that the nation's money supply expanded at a dangerously high...
...walking down the street." So that he would learn to perform under pressure, Johnny took on all comers on the putting green for up to 25? per hole. Slim as a seven iron, he also had to learn to make up in accuracy what he lacked in power. The tighter the fairways and the smaller the greens, the better little Johnny would do against bigger boys...
...week should not be a comforting thought to anyone, but at least the rapid increase which has characterized the last few years has subsided for now. Still, the number of armed robberies and assaults has risen at an alarming rate and should serve notice that the new steps towards tighter security this year may be augmented with even further ones. As Eliot's Master Heimert said last February: "There used to be a trade-off between security and the robberies. But when we start considering armed attacks and personal safety there is no longer any trade...
...food products exempt but not those beyond the farm level. Companies that posted big price increases during Phase III will be audited, and special attention given to retail food and gas prices. COLC is to enforce the freeze and plan Phase IV, which the President promises will have "tighter standards" than its predecessor...
...that state liquor authorities had the power to withhold liquor licenses from places that featured bottomless dancers or erotic films. Considering that ruling as well as the general inclinations of the men on the court, the shrewdest observers are betting that every pornography case will go in favor of tighter controls...