Word: debt
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Dates: during 1950-1959
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...Senate Agreed. Ike Eisenhower chose Oveta Hobby to run the new welfare department partly because Oveta is a Texan and he owed an election debt to Texas, partly because she is a woman and he had promised to install women in positions of responsibility. But he chose her principally because Oveta Hobby possesses a rare talent for tactful administration. The Senate agreed with the President. Minority Leader Lyndon Johnson, a Texan himself, took her under his wing and introduced her around Capitol Hill. When her name came up before the Senate Finance Committee, the Senators confirmed her in seven minutes...
...tired old man, plagued by debt and long riddled with cancer, moved one day in June 1885 into a small woodland cottage at Mt. McGregor, N.Y. Many a biographer has recorded the last days of Ulysses S. Grant at that cottage, but few have known them as well as Hungarian-born Historian Stefan Lorant (Lincoln-A Picture Story of His Life-Harper; $6). Last week Lorant presented the source of his knowledge to West Point-a packet of manuscripts that he had bought from Grant's descendants. Among the manuscripts were nine tragic little notes, penciled by West Pointer...
...boat was loaded!"-with a cargo worth more than 500 lire, a vast sum to simple fishermen. The owner of the cargo could sooner have gathered figs from thistles than money from these destitutes; but in loyalty to their code of honor the Malavoglia would not shirk the debt. "We are ruined," said Grandfather 'Ntoni quietly-and began with all his humble means to resist the fact...
...boat was raised, repaired, but before it could be sent to sea again, one of Bastianazzo's three sons was killed while serving in the navy. "Every wind," people said, "is contrary to a broken ship." Final payment of the debt had to be postponed again & again. "Long things turn into snakes,", the neighbors were saying. In the end they were right; the owner of the lost cargo foreclosed, and the Malavoglia lost their heart's ease at day's end-the house by the medlar tree...
...independently and in their own ways. This way of life has withstood wars and political manipulations and experiments of all kinds." ¶ Demonstrate more ingenuity in production, sales and distribution. Full production will create tough competition, but Americans have never feared competition. ¶ Manage that enormous legacy, the federal debt, with wisdom. The total debt is more than $267 billion, with $32 billion maturing every 90 days. If debt policy increases the money supply unduly and overextends credit, there will be more inflation; if it drains the savings of the people too rapidly and credit is unduly restricted, the result...