Word: debt
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Dates: during 1950-1959
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...Anything for Money." Jack worked hard, made regular payments on his forgery debt (by last week he had reduced the balance to $105.34), and seemed to be an exemplary family man. In his business he was erratic and clench-fisted, but he had a weakness for children, often selling 10? ice-cream cones to the local kids for a nickel. There were other inconsistencies in the picture. Not long ago, Jack stalled a pickup truck in the path of an oncoming train, collected from his insurance company. Last Labor Day a mysterious gas explosion damaged the Crown-A; the insurance...
...today's market, the Federal Reserve Board sets all margin requirements. Now fixed at 70%, they have discouraged excess speculation. Customers' margin-buying debt was $2.9 billion last week, only 1.4% of the value of all listed stocks. The SEC and the exchange itself keep a sharp eye out for any market manipulation. Exchange members (and their firms) who break the rules can be hauled up before the New York Stock Exchange's board of governors, where they get a stern grilling, and punishment if found guilty. Last year 20 or 30 brokers were disciplined; in extreme...
...decline in available credit. Member banks of the Federal Reserve were shorter of loanable funds than at any time since the spring of 1953. In the field of consumer credit, the trend of loans was still up (to $34,293,000,000), but the climb was leveling out. Installment debt rose in September to a new high (of $26,699,000,000) for the eighth straight month, but the increase was the smallest since April and well below the average $660 million for the last four months...
...defined, personalized style. He breaks his surfaces up into translucent shafts of color, using the new plastic tempra and ordinary watercolor to create a feeling of volume within the colors. The birds, clowns, and moody figures that fill his pictures are heavily outlined, sometimes in black, indicating an obvious debt to Roualt--and to stained glass. (See cut). A clever use of color tonalities, like the monochromatic combinations in "Persuasion" adds to the force of the artist's expression...
...which one we'll choose." The speculation around the industry is that insurance companies will help the airlines foot the bill. With United's operating revenues at an alltime record and other airlines doing equally well, commercial aviation is in a position to carry the heavy capital debt for new jets. In a pinch, U.S. airlines could even make a strong argument to the U.S. Government to stand behind their notes. By so doing, the Government could help build a 200-to 300-plane fleet of swift jet transports for use in an emergency, and do it without...