Word: bank
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...Grace on TV and Margaret over those telephone lines, Mrs. Choplin might almost as well have passed up the newspapers, for last week's headlines-even the non-nuptial ones-seemed to be primarily dedicated to the proposition that it might as well be June. In Manhattan World Bank President Eugene Black, who calls himself a conservative banker "committed to the future," sunnily predicted that the national incomes of the U.S. and Western European nations would double "in just over 20 years." In the Middle East Egypt's aggressive Prime Minister Nasser and Israel's combative...
...Republican leaders meeting in Washington (see below) began to perk up after initial despondency. The President, they figured, had pulled the rug from under the Democrats by his principle-over-politics decision, as well as by his offer of administrative relief to farmers and his request for immediate soil-bank payments. By midweek, House Republicans who had backslid on the farm-bill vote (TIME, April 23) began to rally...
Passage of the contradiction-cluttered measure (TIME, April 16) was a bitter defeat for the Eisenhower Administration, which utterly lost control of farm-state Republicans. It was likewise a pest-ridden harvest for U.S. farmers. The bill would establish the Administration's soil bank (much too late in this farming year), but also would restore high, rigid price supports to work at cross purposes with the new program. Said Secretary of Agriculture Ezra Taft Benson: "The bill would seek to cure the farm problem with the very measures which built up the surpluses, which lost farmers their market...
TRANSAMERICA CORP., the giant California holding company which recently spent $20 million for five banks in Utah, Idaho and Montana (TIME, April 19), is invading Wyoming. It is acquiring the Casper National Bank and the Riverton First National Bank (resources: $38 million), thus bringing its total holdings to 14 banks with deposits of $2.5 billion in ten Western states...
...Instead of the strengthening expected from the October 1954 merger, the combined company has been losing money heavily. Production is running 30% below 1955, the backlog of Packards in dealers' hands is big, and the company has used up nearly $25 million of its $45 million line of bank credit...