Word: allowables
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Dates: during 1950-1959
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...After years of what Chairman Lewis L. Strauss considers "impressive progress," the Atomic Energy Commission is beset on all sides-especially by U.S. businessmen who fear, as one said, that "just as little Sputnik has been worth billions to Russia, so we will fail to earn billions if we allow ourselves to slide into a secondary position." For how far and how fast the U.S. is traveling along the road to commercial nuclear power, see BUSINESS ESSAY, Atomic Power...
...real easing of credit. Said Board Chairman John Sibley of the Trust Co. of Georgia: "The impact is on the public mind, not the economy as such." Over the last few months, the Fed's only real attempt to pump more credit into the economy has been to allow bank reserves (and thus their lending ability) to increase by some $500 million, partly through open market purchases of Treasury securities. But so far, it has failed to use its strongest economic medicine: lowering the reserves all member banks must maintain to cover deposits. Currently, the FRB requires banks...
Help or Else. Almost every top railroadman went to the hearings armed with a set of recommendations designed to ease the railroads' ills. Among them: allow the railroads the full cost of carrying the U.S. mail, now carried at a loss; eliminate the 10% federal tax on passenger fares, passed during the war to discourage travel, and the 3% tax on freight; encourage railroad mergers; allow the roads to diversify more widely into other forms of transportation, such as trucks and planes. Said the Central's President Perlman: "If we fail to convince you of the desperate need...
...Administration has decided as a temporary policy to allow members of the Class of 1959 to live outside the Houses in their senior year. The policy will terminate when the eighth House opens in the fall...
Individual Houses will be able to define exactly what House membership entails, however. Thus one House may allow evacuating students to participate in certain activities that another unit would deny to non-residents...