Word: alterable
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Dates: during 1950-1959
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...Treasury and the Federal Reserve. The Fed had been stripped of most money-regulating powers in 1941, when the U.S. entered World War II. Anxious to finance the war at low interest, the Government froze the discount rate at i%, suspended the FRB's right to alter reserve requirements, and harnessed it to an agreement to support, at par, Treasury securities, which supplied 60% of the cost of fighting the war. By 1950 the Fed, which had been created as an independent agency to guard the nation's money, was clamoring to be unshackled from the Treasury, whose...
...face up to the realities of a "new America"− a theme he frequently clouded with catchwords from his party's past. There was high praise for Eleanor Roosevelt, who "reminded us so movingly that this is 1956 and not 1932; not even 1952; that our problems alter as well as their solutions; that change is the law of life, and that political parties ignore it at their peril." There was also a nod to Harry Truman, the spirit of '48: "I am glad to have you on my side again...
Author Shute, himself a "pommy," declared before he prepared to take his talents (and his private gardener) to Australia in 1951: "It is a long time since a first-class novelist has worked in the southern hemisphere." This book does nothing to alter that situation. Before his writing lifted him into rarefied financial levels, Shute was an aeronautical engineer who helped design and fly Britain's dirigible R.100 on its transatlantic flight of 1930.* His fiction has some of the improbable, inflated, but often entertaining quality of the lighter-than-air-machines...
...personal achievements of Graham as a Christian and as evangelist should be duly appreciated. But they do not materially alter the fact that an individualistic approach to faith and commitment, inevitable as it may be, is in danger both of obscuring the highly complex tasks of justice in the community and of making too sharp distinctions between the 'saved' and the 'unsaved...
Prudential is going ahead with its variable annuity plans in the expectation that the New Jersey legislature will approve the required legislation. Even a court ruling putting variable annuities under the SEC, said Shanks, "would not alter our plans for this new field. We would then comply with SEC requirements just as we now comply with all laws to which we are subject." According to an Indiana University survey, 95 other life-insurance companies are also preparing to issue variable annuities in the next year...