Word: bank
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Dates: during 1950-1959
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...Knock out the costly short-term acreage reserve phase of the soil bank and build up the long-term conservation reserve to encourage the retirement of marginal farm land from production for up to ten years...
Last week the Foreign Ministers of "Little Europe" met in Paris to elect officers for the Common Market and Euratom. They also chose directors for two other six-nation agencies, the thriving Coal and Steel Community and the new billion-dollar European Investment Bank. But they could not settle on a single city for their capital. Luxembourg's white-mustached old Premier and Foreign Minister Joseph Bech put up such a stubborn fight to keep the European Coal and Steel Community headquarters (and its $6,000,000 yearly payroll) for his tiny country that the founding fathers could only...
Thorneycroft was adamant. In his fight to choke off the inflationary spiral he had drastically limited private bank loans, upped the Bank of England interest rate to its highest level in 37 years, asked industry to reduce investment. Now, he argued, the government must do its part by refusing to increase its spending by so much as a penny. His opponents, keenly aware of the votes that could be lost by cutting family allowances, retorted that the amount involved was trifling-less than 1% of the projected budget. The showdown came at a late-night Cabinet meeting at 10 Downing...
...occasional foray into Pennsylvania), Schaus has created an anomaly in big-time college basketball: a home-grown team. North Carolina combs the New York subway circuit for its players, and Kansas stretched out to Philadelphia for Wilt ("The Stilt") Chamberlain. But Schaus finds his stars in towns like East Bank (pop. 1,500) and Shinnston (pop. 2,793). As a result, the state rightly looks on the team as its own, not a high-priced import, follows its games with chauvinistic zeal...
Benson has fought to solve the farm surplus problem by long-term retirement of economically weak small farms. At the present time, under the acreage reserve clause of the soil bank program, such farms retire acreage one year, when market prices are low and support prices high; then produce at full capacity the next year when demand rises again...