Word: cash
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Dates: during 1950-1959
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...Cash & Credit...
...immediate, causes of the setback were three sharp economic blows. First, the worst drought in 87 years parched the fertile south, forcing Chile to spend hard cash for foreign wheat. Then unseasonal rains flooded the North. Worst of all, copper-the government's largest revenue source-plummeted from 55? a Ib. to 27?, and with every 1? drop the government lost $6,300,000 in taxes...
...special ceremony in the Pentagon's inner courtyard one day last week, Army Secretary Wilber Brucker bestowed the largest cash reward ever made by the Army for an employee suggestion: a $10,000 joint award to Stanislaus Danko. 41, and Moe Abramson, 45, career employees at the Signal Corps Engineering Laboratories at Fort Monmouth, N.J. Their idea: an automation process that punches holes in regular printed or etched electronic circuits, drops the leads of components (resistors, tubes) through the holes, dips the leads in a solder bath, soldering all connections in one operation. The Government made the system available...
...Numbers. In Detroit, Gas Station Attendant Lonnie Taylor, ordered by a bandit to hand over about $105 cash and then go into the men's room "to count to 100," got to five and hurried out to call police, found the gunman just leaving, was told to get back in and start again-from zero...
...bankers could appreciate the benefits of tight money. With companies everywhere competing for more loans than there are funds available, the interest rate on prime loans stood at 4%, while lower-grade risks brought up to 6%. By gradually shifting out of low-paying Government bonds to get more cash to lend, most bankers reported earnings at an alltime peak, in some cases as much as 19% better than last year...