Word: crediters
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Dates: during 1940-1949
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...Frank Ross and the Daily Mirror's Ara Piastre at his heels. While they stared at the crumpled figure in the courtyard, Russian-speaking Reporter Piastre (daughter of Conductor Mishel Piastre) heard her moaning "Ostavte! Ostavte!" (Later, only the Herald Tribune went out of its way to credit Miss Piastro with the translation: "Leave me alone...
...intentions were toward deflation-just a little deflation. Treasury Secretary John Snyder upped to 1¼% the 1⅛% interest rate on short-term Government bonds. lie expected, rightly, that banks would follow the example and raise interest rates, thereby curbing the inflationary expansion of credit. By midweek, some bankers announced plans to boost basic lending rate from 1¾% to 2% (for borrowers with the highest credit rating) and to adjust other rates accordingly...
...while the House hurried the Senate housing bill to the White House, the Senate rejected, 53 to 33, a Democratic amendment including all of the President's anti-inflation requests. Then, with hardly a change, it whipped through the House bill to check inflation by reinstituting consumer credit controls and tightening the cash reserve requirements of Federal Reserve banks (see BUSINESS...
...this week it was clear that the only "anti-inflation" bills with any chance of passage were those to control consumer credit and to tighten up bank loans. Congress might also approve the $65 million building loan for U.N., and remove the discriminatory provisions from the D.P. bill. The rest of the President's program had no more chance than a snowball in summer Washington...
Going Up. Consumer credit reached a record of $14,149,000,000 in June, the Federal Reserve Board reported. Two-thirds of the rise was due to installment buying; the rest was charge accounts...