Word: credited
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Dates: during 1950-1959
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...brand-new direct loan scheme to build homes for the aged, subsidized loans to build college classrooms, looser requirements on certain classes of FHA loans. In sum, the bill carried an "inflationary" total of $2.2 billion spending obligations telescoped into two years, which, the President wrote, would "drive private credit from areas where it is urgently needed," and damage an industry now abuilding at near record levels...
...Coogan-Huller travel service flourished, added a "travel now-pay later" system for men who looked like good credit risks, experimented with a "group-payment plan" when seven G.I.s promised $185 to get a buddy to Korea. In six months, the red-faced Army admitted last week, Coogan-Huller cleared $1,750 from ten soldiers, in all shipped at least 18 to chosen places abroad, had four customers ready to travel when the word-of-mouth ad campaign reached one ear too many...
...American Bar Association in 1952-53, is a veteran lawyer who neither conceals nor advertises that he never got a law degree (he did not complete his undergraduate education until 1947). A small-town Texan, he got into practice by reading the law in books that he bought on credit, became a top Dallas attorney and served as U.S. executive counsel at the Nürnberg war crimes trials. Asked to become dean of S.M.U.'s low-grade law school in 1947, he built it into a thriving, well-financed institution, one of the country's best. Four...
...good reason why U.S. markets abroad are shrinking is that the steelmakers, like many other U.S. manufacturers, are not aggressive enough in selling. U.S. steel companies offer few credit plans, insist on payment in dollars, are often uninterested in working out deals with soft currencies. "When a Brazilian writes a letter to a German and an American steel firm," admits a U.S. steelman, "he gets back a letter from the American firm-and a salesman from the German firm." Says a Belgian steelman: "For countries like us, exporting is a matter of living, but the U.S. incentive for export...
...ceiling on long-term Government bonds. The House Ways & Means Committee approved a bill to permit the President to ignore the ceiling when necessary to sell bonds. The committee tacked on an amendment expressing the "sense of Congress" that the Federal Reserve Board should expand the nation's credit supply by pegging the price of Government bonds. Cried Fed Chairman William McChesney Martin Jr.: "This is an attack on the independence of the Federal Reserve Board. This is a directive for printing-press money...