Word: cash
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Dates: during 1950-1959
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...step. While it has turned down the President's plea for authority to raise the 4¼% ceiling on long-term bonds, the House approved a bill to permit the President to raise interest rates on E and H savings bonds to 3¼ from the current 3.26%. Cash-ins of E and H bonds during the first eight months exceeded sales by $759 million. The House move, which is expected to win Senate approval, was immediately labeled "inadequate" by Treasury Secretary Robert Anderson. He emphasized that the lifting of the ceiling is even more important today than when...
...jerry-built empire of Alexander L. Guterma, financial juggler, began to totter early this year, he desperately sought more cash to save it. Guterma, then boss of the F. L. Jacobs Co.. which controlled the Mutual Broadcasting System and at least twelve other corporations, found a likely moneybags in the Dominican Republic's Generalissimo Rafael Trujillo, always willing to pay for favorable publicity. Last week a federal grand jury in Washington charged that Guterma, 44, collected $750,000 from Trujillo to disseminate "political propaganda" and failed to register as an agent of a foreign power. The grand jury...
...proud parents would probably be happy to foot the bill for a private psychologist. Over the country, many youngsters who miss the cutoff point attend private schools for a year and then go public in the second grade. In Houston, where the whole matter has been put on a cash basis, eager mothers gladly shell out a special head tax of $90 to break the cutoff rule...
While abstract expressionism rules the cash register in Manhattan's prospering art galleries, young artists across the land are turning back to images-but with a difference. The classical tradition, reasserted in the Renaissance, has always been that people are beautiful, at least in art. The new imagemakers dispute that. Their figures are human, but horrible. The horror school has its center in Chicago, is staffed by an earnest, loose-knit and surprisingly well-adjusted handful of Art Institute graduates...
...effects of the Treasury's reliance on short-term borrowing in the midst of an overall tightening of the money supply (TIME, Aug. 31) were readily apparent. By drawing $1.6 billion in new cash during the last month, Treasury financing-despite Federal Reserve Board buying support-boosted the rate on 26-week Treasury bills to a record 4.15%. The yield on most long-term Government bonds was more than 4% for the first time since the 1930s, and some yields rose as high as 4.8%. Corporate bond yields also rose; unable to sell their public-utility offerings...