Word: creditably
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Dates: during 1950-1959
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Given Spain's economic history, the most impressive part of the program is that which concerns discipline at home. Though credit has already been tightened to such a degree that many industries have h,ad to suspend payment of debts, it will get even tighter. Spain has agreed to remove controls on a long list of imports, will set acceptable "global quotas" on others. The government has also ordered a six-month amnesty on the return of all fugitive capital in the hope of rebuilding cash reserves...
...another fine chance to capitalize on Western sentimentality; with a wild beating of propaganda drums, Soviet President Kliment Voroshilov appealed to Greece's King Paul to free Glezos, now a left-wing newspaper editor. But years of servility to the hammer and sickle had finally exhausted the credit that Glezos won by defying the Nazis. Last week, found guilty by a military court, onetime Hero Glezos was sentenced to five years' imprisonment, four years' exile to a barren Aegean island and eight years' loss of civil rights...
...turned into a circus. This Houseman steadfastly refused to do. He preferred to play it straight for the most part; though he was not afraid to introduce occasional bits of humor where they really belong, as in the phony prisoner-of-war inquisition. But, much to his credit, he had the good taste not to court a cheap laugh by having Helena make her final entrance obviously great with child...
...policy of supporting the market for Government bonds. The Fed now buys short-term Treasury bills only. The Fed believes that if it bought bonds now, without wartime controls on spending, it would pump new money into the economy, thus nullifying its attempts to control the boom by tightening credit...
...Treasury announced that it could ive with the bill, but the Fed's Martin urged the Treasury not to let Congress make a start at dictating the independent Fed's monetary policy. Martin pointed out that it would be very bad for the Government's credit if the financial community, here and abroad, got the idea that the U.S. had officially embarked on a soft-money policy. At week's end the Treasury was swinging around to Martin's stand, felt that taking the Metcalf amendment was worse than having no bill...