Word: bank
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Dates: during 1950-1959
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Your April 1 article on the Rev. Robert Gingery, the Methodist minister who killed the bank robber, says he "made his peace with God and with the Fifth Commandment." I think you have your commandments mixed, as the Fifth is "Honor thy father and thy mother." I think you should have said Sixth, which says "Thou shalt not kill...
Dulles' outline left many a gap and blank to be filled in. One gap was soon pointed out by Export-Import Bank President Samuel C. Waugh. Would the fund's easy terms undermine the businesslike hard loans that both the Export-Import Bank and World Bank are trying to make the basis for sound international development? "Soft" loans, Waugh told the Senate committee, could "imperil the status of any loans made on a strictly banking basis." Also missing from the plan was any proposal for legislation to encourage private investment abroad...
...Pittsburgh steelman: "Three years ago we put in a lot of new equipment. But the men called our work standards unreasonable. All kinds of mysterious breakdowns occurred. We are just now getting productivity up near where it should be." George W. Cloos, economist of Chicago's Federal Reserve Bank, estimates that the benefits from capital investment last year will not show up in productivity until 1960 or later...
What really hurt was a revelation of how poorly the public understands the function of banks. About 50% thought that a commercial bank was solely for "businessmen," some 34% could not define a mutual savings bank, and 40% believed that savings and loan associations were banks. As a result, suggested Banker Eaton, the big push by U.S. bankers to get people to save (TIME, Feb. 4) may be helping the savings and loan associations as much as it helps the banks...
...conspicuously variant and characterized into types, which is all right, since, looking through such clear-cut personalities, it is easier to see what is common in all the men. There is a young, natty, Madison Avenue type, a European watchmaker, a paper-hanger, a football coach, a bank teller, a salesman, and a man himself born and raised in the slums...