Word: credited
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Dates: during 1950-1959
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...second roadblock was thrown up during the maneuvering over Arkansas Democrat J. William Fulbright's Community Facilities Bill to provide long-term (50 years) public-works loans to small cities with low credit ratings. Fortnight ago, Republicans on Fulbright's Banking and Currency Committee (joined by Democrats Paul Douglas of Illinois, Allen Frear Jr. of Delaware and Willis Robertson of Virginia) trimmed the bill's total from $2 billion to $1 billion, upped the proposed interest rate from...
...Harnoncourt, who rounded up a volunteer crew of eleven to wrestle the huge, glass-covered, 10-ft.-long painting (weight: more than 500 Ibs.) from its temporary wooden frame, cover it with paper and tarpaulin against smoke and water stains and lug it to safety. To the credit of the museum staff, who struggled through smoke and water to carry paintings out of danger, only nine paintings out of a total of over 2,000 worth more than $4,000,000 were destroyed or damaged...
...fourth time in five months, the Federal Reserve last week eased the U.S. credit supply. To Reserve districts in New York, Chicago, Philadelphia, St. Louis and Minneapolis, Chairman William McChesney Martin and his governors gave permission to drop the rediscount another ½% (to 1¾%) on loans to member banks, and sliced bank reserve requirements. Thus the FRB released a potential of $2.7 billion in new credit into the nation's money stream...
Partly, FRB acted to relieve a sharp $600 million drain on bank reserves caused by heavy purchases of gold by foreign nations, largely Great Britain, whose exchange position has improved dramatically in recent months. More important, the FRB was increasingly anxious to stimulate the lagging U.S. economy by making credit both cheaper and more plentiful...
...seems to me that the Corporation is right in affirming the Christian tradition of the church but also right in making all students welcome there," he said. Rubinstein commented that he felt the controversy was carried on in a way which was "a real credit to Harvard...