Word: debt
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...stock purchases. It added new provisions, effective June 15, to cover accounts in which stocks were bought on margin before the present margin rate. Formerly, if an investor sold stock, held on a margin below 90%, he had to use only 10% of the proceeds to pay off his debt to the broker. Now he must apply 50% of the proceeds. One exception: if the investor sells his stock and buys another on the same day, he need not pay off any of the debt...
Veterans' benefits and interest on the public debt are both a delayed cost of war and should be considered together. Many of us will refuse to get excited about veterans' benefits until they exceed the yearly interest charges. We will meet the problems of 1985 in that year and not in 1959. It is fortunate that pension legislation rests with Congress and not with TIME or the Administration...
...Kooning cheerfully acknowledges this debt to nature: "I see things I like. I don't fight them. Maybe it's only a puddle. Four or five months later they come back to me." In much the manner of the old Zen painters, De Kooning believes the image must come all at once or not at all. When his three-year-old daughter Lisbeth put her hands on the wet paint, he left the palm print rather than doctor the surface and destroy the spontaneous feeling. "I'm not trying to be a virtuoso," he explains...
...pneumonia; in Manhattan. Ready to retire at 50 from a successful business career as a textile executive, Taylor was launched on a second career by his friend J. P. Morgan, who urged him to go to work for U.S. Steel. He cleared the corporation of a $340 million bonded debt in time to withstand the Depression. Famed for his diplomacy in labor relations, Episcopalian Taylor was appointed F.D.R.'s special envoy to the Vatican in 1939, a post he served for ten years with dignity and tact in spite of Protestant carping at home...
...chief source of the trouble is deficit spending and fears of more inflation. Not only did the Treasury have to make up for an estimated $13 billion gap between income and outgo this fiscal year, but by the end of 1962 it must refinance $129.5 billion in public debt, most of it incurred during World War II and Depression days...