Word: bank
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Dates: during 1950-1959
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...House listened with hushed respect. "I am not here to criticize my colleagues or indeed my political opponents," he went on. As between the bank rate that he had raised to the highest level (7%) in 37 years and the physical controls that Opposition Leader Hugh Gaitskell advocates to check inflation, he confessed: "Neither of these works very well." Taxation, he said, "has already reached a point where I should think most men would admit it is inflationary in its effect...
...mostly young colonels, and all are anti-Communists who run their areas with cool efficiency and a minimum of corruption. Soon the colonels were joined, uninvited, by some of Indonesia's top anti-Communist politicians. Among them: Masjumi Party Chairman Mohammed Natsir; Sjafruddin Prawiranegara, governor of the Bank of Indonesia; ex-Premier Burhanuddin Harahap; onetime Finance Minister Sumitro Djojohadikusumo...
...rays are used for both diagnosis and treatment. The operating room is a scale model of any good hospital o.r., with sterilizers, surgical instruments, anesthesia gear and oxygen supply. One permanent staff member lives in a sheltered outdoor kennel. A young male greyhound, he is the resident blood bank, can give a pint every two weeks...
...surprise $2,000,000 in 1927 from Hartford Banker Frank C. Sumner ("He used to drive out in a purple Rolls-Royce to see the Hartford Chiefs play baseball, but as far as we know he never walked into the museum in his life") gave the Atheneum the bank account it direly needed. Looking for an out-of-vogue period in which to buy first-class painting, the director, the late A. Everett ("Chick") Austin Jr., beelined for the then unwanted, melodramatic baroque and rococo canvases...
...seven-man Federal Reserve Board went a request for help last week from the Federal Reserve Bank of Philadelphia. Philadelphia's President Alfred H. Williams argued that a tonic was in order for the nation's recession. Could Philadelphia cut the discount rate it charged member banks for loans? The FRB promptly approved a ¼% cut (down to 2¾%), the second in two months. In quick succession, six Federal Reserve banks across the U.S. dropped their rates, and the remaining five were expected to follow soon. Said a top FRB money manager: "Look at the news ticker...