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...even 9% by year's end. The rise makes it more expensive for consumers and businesses to buy or build with borrowed cash. It could put an end to the housing boom by causing savers to pull their money out of savings banks and savings and loan associations???the prime source of mortgage loans?and instead buy Treasury bills or bonds to get the higher interest rates that they offer. Some lenders fear that this process, known to economists by the jawbreaking name of "disintermediation," is already beginning...

Author: /time Magazine | Title: Nation: Trying to Build Confidence | 1/30/1978 | See Source »

Nevertheless, the National Council of Christian Associations??? child of the Y. M. C. A. and the Y. W. C. A.?does represent the student groups of some 1,000 U. S. colleges. The Council meets annually. Unhampered by the viewpoint of its parents, it has been consistently, since the World War, veering leftwards. In Kalamazoo, Mich, in 1928, chafing (in its own words) "under its own unintelligent inconsistency of failing to square its practice with its radical profession/' it appointed the Economics Commission which reported last week...

Author: /time Magazine | Title: Religion: Christian Socialism | 5/11/1931 | See Source »

Next day the Rules Committee met, prepared to censure the undiscovered "leaky" Senator, subpoenaed Pressman Mallon. By ancient custom and courtesy, though not by rule, one representative at a time of the four great press associations???United, Associated, Universal, International?is allowed the privilege of the Senate floor. Chairman Moses of the Rules Committee, by way of punishment, ordered this privilege for the United Press suspended. Wisconsin's Senator La Follette, eager to press the issue to the maximum discomfort of Republican Conservatives, pointed out that the Senate rules granted no floor privileges to any pressmen. When Senator La Follette...

Author: /time Magazine | Title: National Affairs: Senate v. Press | 6/3/1929 | See Source »

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