Word: bank
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Dates: during 1950-1959
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...recluse they had once revered as "the giant of the North." Thousands of copies of his famed novels were mailed back to him or dumped on the doorstep of his south coast farmstead. Before he died in 1952, a Norwegian court blocked all the old man's bank accounts, imposed a fine of 425,000 kroner ($86,000), which was later reduced to 325,000 kroner...
...boom has passed a significant milestone. The buyers' market of the recession, said the Federal Reserve Bank of Chicago last week, has turned into the sellers' market of prosperity. Rising demand from industry and consumers has increased delivery time on new orders and created scattered shortages for freight cars and trucking rigs. It has also brought a short supply of labor in many skilled trades and slowed the rate of gain in output per worker as the number of jobholders has increased. "Under these circumstances," forecast the bank, "it appears likely that any substantial further increases in demand...
What all this means, said the Chicago Federal Reserve, is that the current price stability may not continue. Drawing a parallel to the 1955 recovery, when prices held steady, the bank suggests that prices may follow a similar pattern in the second half, then show a broad upward movement in 1960, as prices...
TALLEST BUILDING west of Mississippi will be built by Humble Oil Co. in Houston. It will cost $32 million, rise 44 floors (604 ft.), eight floors higher than Dallas's Republic National Bank Building, now tallest...
Shaping up is a drive not to pare but to share the aid burden with Germany, Britain, France, and even some of the underdeveloped nations. This would be done by creating an International Development Association, dubbed "Ida." Ida was introduced to last fall's meeting of the World Bank (TIME, Oct. 20), but failed to get far because the U.S. did not push it with vigor. Now the U.S. expects to plump hard for Ida at the World Bank's September meeting in Washington, set it up with initial capital of $1 billion (one-third contributed...