Word: boosted
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Dates: during 1950-1959
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...credit, Texas Representative Wright Patman called for a full-dress congressional investigation to find out if the Federal Reserve has pinched credit too tight. Treasury Secretary George Humphrey, Commerce Secretary Sinclair Weeks and White House Economic Adviser Arthur Burns have all voiced public disapproval of FRB's fifth boost in the discount rate in a year (to 3% in two districts), although President Eisenhower publicly defended the right of the independent agency to use its own judgment. General Motors' President Harlow H. Curtice went so far as to blame Detroit's sliding auto sales...
...plant, Henry J. Kaiser supplies the West Coast with more steel than any other steelmaker. Since he built the plant during World War II, he has expanded it seven times to keep up with a fast-growing demand. Last week Kaiser announced that he will spend $113 million to boost capacity 40% to 1,528,000 tons yearly...
Treasury Secretary George Humphrey, who had privately opposed the boost in discount rates, now publicly said that it was unnecessary and that "natural conditions" would have checked any trend toward inflation...
...much as 60? an hour for every worker, increase the average cost of $129-a-ton finished steel upwards of $12 a ton. But steelmen guessed that McDonald would settle for considerably less. At the top of the package is the demand for increased weekend pay, which alone could boost labor costs by 30? per man-hour. The Steelworkers' main objective is to put workers on a Monday-Friday week, though this would demand widespread reorganization of the industry. Jones & Laughlin Chairman Ben Moreell was hopeful last week that if "the union lets the industry work it out over...
...replant part of its vast, 90,000-acre rubber plantation in Liberia, West Africa with higher-yield (300% more rubber) trees in a program which will eventually boost the plantation's production some 25% to about 44,000 tons annually...