Word: credited
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Dates: during 1950-1959
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...lurks on all sides. It is hard to trust people-"If they slap me on the back, maybe the next time they slap me they'll have a knife." On the other hand, so few people are really grateful to him: "It's not that I need credit. But somewhere along the line the dog should be patted on the head." If some neighborhood toughs honk their horns outside his house to annoy him, he speaks of being "hounded by degenerates...
Modern medical science has saved countless unborn babies from "spontaneous abortion" (what the layman calls a miscarriage), and many doctors credit the use of hormones given to the mothers. But these substances, some natural and some synthetic, are often closely related to the male sex hormone, testosterone. An unexpected result now reported by two Johns Hopkins University authorities: a female fetus may have its development so changed that the baby can be mistaken for a boy, and raised...
...stock market's steep climb is beginning to cause more uneasiness than cheer. Last week, just after the market hit a 1958 high of 510.33 on the Dow-Jones industrial average, the Federal Reserve Board joined the ranks of the worriers. Noting that customer credit had increased by $746 million in the first half of the year, it raised margin requirements (i.e., the minimum cash payment required on stock purchases) from 50% to 70%. While the Fed thought its action would act as a damper on speculation, changes in margins have usually had almost no effect on the market...
What has pushed the market up, in the eyes of most Wall Streeters, is not easier credit but the fear of a new burst of inflation. Many a Wall Streeter shares the Fed's worry, feeling that anxiety over inflation has lifted stock prices too quickly on the basis of current earnings. This has caused a sharp change in the "spread"-the difference between stock and bond yields. As stock prices have risen, bonds have dropped (see below); while the return on blue chips has fallen to 3.8%, the best bonds now yield more than 4%. In the past...
EXPORT INSURANCE will go on sale by Continental Casualty Co. Sept. 1, will protect U.S. exporters against foreign political and credit risks, make it easier for them to get loans and extend credit to importers...