Word: buying
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Dates: during 1950-1959
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Money. Many a consumer who sets out to buy a house or TV set and many a businessman who embarks on plant expansion or modernization is discovering that it is harder to get the money he needs to do it-and the money costs him more. As the economy boomed, the supply of money over the past few months has got steadily tighter. For how and why this happened, and what it means to the economy, see BUSINESS ESSAY, Tighter Money...
...Flint. Mich., and Hoffa threw his weight into the dispute in favor of the company. Commercial Carriers then set up Test Fleet, transferred, all the stock to Mrs. Hoffa and Mrs. Bert Brennan in their maiden names, then guaranteed a $50,000 bank loan so that Test Fleet could buy trucking equipment to lease to Commercial Carriers. Under this can't-lose agreement, Mrs. Hoffa and Mrs. Brennan took in $125,000 profit from...
...most ambitious scheme of all is planned by Manhattan's Committee for an International Institute: a three-month language and culture course for as many as 300 executives and their wives at a time. No campus could be more symbolic than the one the committee is trying to buy: New York Bay's now abandoned port of entry for wave on wave of foreign immigrants-Ellis Island...
...world, he expects to lose money there, "for the foreseeable present." Usually, Rockefeller invests for the long pull; he expects investments to take ten years, or even 20, to pay off. Some never do. He has lost heavily on a company to build steel prefab houses (buyers did not buy) and another to tin tuna in Samoa (the fish did not bite...
...general in World War I, Glassford faced the sternest test of his career when 11,000 ragged, jobless veterans descended on Washington to demand bonuses not due them until 1945. He controlled them with tact and courage while Congress marked time, dug $773 out of his own pocket to buy them food...