Word: boosted
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Dates: during 1950-1959
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SMALL BUSINESS Administration will be given permanent status by Congress this year, and its lending limit will be raised beyond current $230 million. Eisenhower Administration is stumping for boost to $450 million, but chances are good that Congress will go farther, set $500 million limit...
...would absorb CAA and part of CAB. Empowered to police every inch of airspace, the new agency would probably lead to a new Cabinet-level boss for U.S. aviation. Meanwhile, CAA is planning a six-year, $810 million program of buying new electronic control equipment. It also hopes to boost present personnel from 16,000 to 24,000 in the next three years, will extend its radio and radar control to all airspace above 15,000 ft. by 1962. Such a program should go a long way toward reducing the hazards of the air. Of the 144 mid-air collisions...
POSTAGE RATES will probably not go up this year, even though House Post Office Committee by 2-1 majority approved one-penny boost for first-class, airmail rates...
When the Federal Reserve Board launched its tight-money policy, it knew that it would cause trouble for the U.S. Treasury. The money squeeze was bound to force the Treasury to boost interest rates on Government bonds. But the Treasury hardly anticipated the extent of the tight-money troubles that faced it last week. Fortnight ago it announced the refinancing of $4.2 billion in Treasury notes. It offered investors (about half of them corporations) a choice of taking 3½% certificates due in eleven months or 3⅝% notes due in 1962. The new interest rates, highest offered...
...fact is that many corporations feel that they can invest their money at better returns in non-Government securities. If the Treasury hopes to carry off its refinancing program successfully-and $28.5 billion in short-term notes will become due this year-it will probably have to boost its interest rates. In any case, it can expect little help from the Federal Reserve Board. In accordance with its independent policy, the Fed did not lift a finger to buy notes in support of the Treasury's floundering new issue...