Word: creditably
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Dates: during 1950-1959
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...novelty, consumer credit caused no traffic jam in the stores. Reason: the hard-to-get goods in greatest demand, such as automobiles, refrigerators and TV sets, were conspicuously missing from the credit list. And lest the Russian shopper think that the consumer millennium is just around the corner, Premier Khrushchev, on his way back to Moscow from Peking, told a Vladivostok audience that the U.S.S.R. has no intention of trying to equal U.S. automobile output. "We will use automobiles more rationally than the Americans do," he said. "We are going to establish taxi pools, where people can use cars when...
...that Texas Democrat Sam Rayburn called their opposition "the most powerful lobby ever organized against any bill which ever came up in Congress." Last week, as the Securities and Exchange Commission celebrated its 25th anniversary, the SEC was as accepted in Wall Street as the Stock Exchange, got due credit for helping raise the standards of stock trading and corporate financing to the highest in the world. But there were still complaints. They were not against the SEC's regulations; they were against the agency's delays in enforcing them...
...fast spread of credit cards is based on one main assumption: most people are honest. Last week Joseph Robert Miraglia, 19, a $73-a-week office clerk from Manhattan's Lower East Side, showed what can happen when the assumption happens to be dead wrong. With a credit card and rubber checks cashed on the basis of credit-card identification, Miraglia told police he ran up $10,000 in hotel and travel bills and general high living in the U.S., Canada and Cuba in less than a month. Said Miraglia: "I always wanted to see the world...
...ease of getting nice things on the cuff first became plain to him when he got a limited credit card issued by the Chase Manhattan Bank. It permitted him to charge up to $300 in New York stores, pay it back at the rate of $25 a month. Last August he overdrew by $73, and the bank put a stop on further debt. Meanwhile, with his Chase card as a recommendation, Miraglia applied to the Diners' Club, American Express and Conrad Hilton's Carte Blanche for good-anywhere credit cards. Diners' and American Express turned him down...
...jackets, an evening outfit of tuxedo, patent leather shoes, soft black hat and walking stick. To hold his finery, he charged two pieces of luggage, flew to Miami Beach's Fontainebleau Hotel and took a $21-a-day room. There, the first suspicious glance was cast at his credit card. The hotel asked for it "to check" did not give it back...