Word: crediters
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...Fortune Fish Market shut down. Then Cooper's Market, on the town square, folded, along with a Texaco service station and the David Lee Clothing Store. White clerks began counting their days at idle five-and-ten counters. Some clerks lost their jobs. Merchants advertised special sales, open credit, looked in vain for expected "sympathy motorcades" of white shoppers from other Alabama towns. Says Proprietor L. M. Hill, who is closing his shoe store: "What's the sense of losing money forever? Business is off 50% and it doesn't look like it's coming back...
After 2½ years of tramping hard on the nation's credit brakes, the Federal Reserve last week lifted its foot. FRB Chairman William McChesney Martin Jr. and his board approved a cut in the discount rate from 3½% to 3% by Federal Reserve Banks in New York, Richmond, Atlanta and St. Louis. The remaining eight districts were expected to follow soon. Next day the stock market reversed its bearish decline of recent weeks (see below), and U.S. businessmen everywhere breathed a sigh of relief...
Under different circumstances the Federal Reserve might have chosen some less spectacular method, such as open-market operations to increase bank reserves and ease credit. It chose a flat cut in the rates it charges member banks on loans as a dramatic signal to businessmen that it has changed its policy. The increasing worry of economists is not the state of business itself but the businessman's view of business, which has turned alarmingly sour in recent months. Said White House Economic Adviser Gabriel Hauge: "Business is better than business sentiment." And for this lack of confidence the Federal...
This sort of study is probably the most stimulating the College can offer, and it could be made available to many more students than now take it. Conservative departments and timid students are the greatest handicap to expansion of tutorial for credit, but if the faculty can put aside the absurd notion that most students work only for grades, this timorous attitude can be overcome. There is a grade in tutorial for credit, unlike course reduction, but this is not the stimulus; the spur to work in "99" courses comes from the requirement of laying one's work before...
Course reduction for an unsupervised study project should be discontinued, and "99" courses expanded, so that tutors would receive teaching credit for their work, and not help only as a favor to a student. And departments should provide easy access to tutors competent in a student's field of interest...