Word: creditably
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Dates: during 1950-1959
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...Australia, Ceylon, Denmark, Tunisia and Uruguay. The bulk of the work of preparing the report fell on the shoulders of Keith Shann, able young (39) Australian statistician-turned-diplomat, who on the day of publication flew back to his post as Australian Ambassador in Manila. To Shann's credit, he maintained a detached attitude in the presentation of fact and conclusions, but it is probably not without certain feeling that he and his fellow "small nations" print Premier Nagy's last broadcast words: "I should like in these last moments to ask the leaders of the Revolution...
Earnest Yearnings. Baring-Gould has more than 130 books to his credit. His sermons alone fill more than 20 volumes. He wrote a 16-volume Lives of the Saints and a weighty treatise on the Origin and Development of Religious Belief that moved Prime Minister Gladstone to award him a crown living (an ecclesiastical appointment at the dispensation of the government). He also wrote 30 novels plus stories and character sketches; he was an active archaeologist, and he busily searched out and transcribed old country songs and ballads, e.g., Widdecombe Fair. He was a staunch High-churchman; there...
Despite some soft spots, the main problem for the U.S. was still inflation. Testifying before a joint congressional committee last week, Federal Reserve Board Chairman William McChesney Martin noted that prices were climbing steadily (TIME, May 18), said firmly that there is no question of easing credit at the moment. Top officials of the U.S. Chamber of Commerce also predicted in Washington last week that prices will continue to climb for the rest of the year, though perhaps at a slower rate than formerly...
Actually, there is no limit to the uses of trusts and charitable donations to cut taxes. One Chicago executive in the $100.000 bracket, who wanted to spread his tax credit over a period of years, donated his $25,000 yacht to a university in two sections, half one year, half the next, got a $12,500 deduction each year. But tax lawyers warn that anyone who hopes to save money by giving it away had better read all the fine print in the law since the Internal Revenue Service rates each scheme on its individual merits...
...saved when the U.S. went off the gold standard, raising the value of foreign money. Sosthenes worked his way out of the hole (minus Hernand who died in 1933) by getting foreign subsidiaries to float local bond issues, boosting the parent company's U.S. credit. But no sooner was he solvent again than European upheavals put him right back in trouble...