Word: affections
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Dates: during 1950-1959
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...linked in Communist propaganda than those of Soviet Russia's Joseph Stalin and Red China's Mao Tse-tung. One of the first questions raised by First Party Secretary Khrushchev's exposure of Stalin as an egomaniac and mass murderer last February was, How does this affect Mao? Last week, gathered for the eighth National Party Congress in their history, the first since 1945, Chinese Communists let it be known that the "cult" of Mao's "personality" was ended, but that Mao was still their august leader...
...respond to the tight-money market. Money is like any other commodity. If you make the terms attractive, you're going to bring more money into the market. At this time 4½% simply isn't attractive to a lender." Chicago builders doubted the program would affect housing around metropolitan areas, where the $9,000 house is not a big factor. Most other builders would only concede that the changes were "a step in the right direction...
Memory Machine. International Business Machines introduced a memory computer to step up office automation. The computer will tell a businessman immediately how daily transactions in sales, payroll, inventory, production, etc. affect any desired aspect of his business. Called RAMAC (Random Access Memory Accounting machine), the computer also serves as an electronic filing cabinet in which company figures are stored on 50 magnetic metal disks, will turn out any needed figure in seconds, thus eliminate endless hours of file checking. Rental per month...
Built-in Inflation. It remains to be seen how Bill Martin's current formula will affect the mixing bowl over the next critical months. A report by the Commerce Department and the Securities & Exchange Commission this week predicted that the money shortage-as intended -will force business to push some expansion plans over into 1957. But far from canceling major expansion plans, many businessmen argued that any possible savings in loan costs in the future would be more than offset by higher-priced labor and materials if they postponed construction. Said Arthur Longini, chief economist for the Chicago & Eastern...
Indians judge fasts severely. For one thing, the faster should be prominent enough so that if he dies, the shock will affect many consciences. His motives must be worthy: a Communist leader recently fasted for three days, but seeing that no one cared, gave up; police arrested a faster outside Parliament last week, charged him with attempted suicide...