Word: banke
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Dates: during 1940-1949
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...Petard. If the Republicans needed any more petards to hoist Harry Truman, they had one in ex-Federal Reserve Chairman Marriner Eccles. He agreed that the Administration's plan for increasing bank reserves was one way to check inflationary credit. It was a scheme which he had suggested himself last fall and which the President had then ignored. As for the rest of the President's program, such proposals as the long-range housing program would only force inflationary pressures even higher. Said Eccles: "It's like try ing to fill up the bathtub with the stopper...
...usual, in such cases, the collapse was brought about mainly by a flight of capital. Smart money men established bank accounts abroad. The refugee capital is now estimated at $70 to $100 million. Unrestricted dollar purchases reached as high as $1,000,000 daily in June. When, on the three days preceding the devaluation, they reached $2,000,000 daily, the government was forced...
Playwright Clifford (Golden Boy) Odets, on his return to Manhattan after five years in gilded Hollywood, told readers of the New York Times why he was back: ". . . Is it still news that a Hollywood movie is usually born on the stone floor of a bank? And that this celluloid dragon, scorching to death every human fact in its path, must muscle its way back to its natal cave, its mouth full of dimes and nickels? . . . The Hollywood film exists only as the celebration of cold, canny (not so canny!) investment, with the resultant desire to make every movie as accessible...
...times a kind of megalomania seemed to possess her. At a dinner party she remarked to a friend: "You see those s.o.b.s dining in my home. As long as I can feed them, serve them champagne and have a larger bank account than theirs, I can buy and sell even their souls...
Lithopolis, Ohio (pop. 300) hasn't changed much since stagecoaches to Columbus stopped there 75 years ago. The village has two restaurants, four churches and an undertaker-but no railroad station, bank or high school. Most Lithopolitans are in the farming or feed business. But Lithopolis has something most hamlets haven...