Word: demanding
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Dates: during 1950-1959
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...Raised, after months of dead-against opposition, the federal excise tax on motor fuels by 1? (Ike asked for 1½?) to finance the fund-short, 41,000-mile highway program. Result: the gas tax goes to 4? Oct 1. ¶Rejected again the Administration demand for abolition of interest-rate limits on Government bonds, thus left Treasury unable to manage the $290 billion public debt effectively in today's high, changing money market (see BUSINESS). In a minor concession, a House-Senate conference boosted the 3.26% ceiling on popular E and H savings bonds to 4.25%, thus permitting...
Profit & Pride. More and more white builders, sensing the demand for decent, moderate-priced Negro housing, have taken the plunge into the suburban market. It has its special hazards; in some areas, white building inspectors and utility companies drag their feet when Negro tracts open. Negro mortgage money is often a stiff 1% or 2% more than for whites (it is easier to get loans for prospering Negroes in the Deep South than it is in Northern states). But mortgage companies are beginning to realize that steadily employed Negroes are a good risk. Chicago's Park Terrace even...
...economics but relations with the neighboring Somalilands (TIME, Sept. 14). In the rise of a Pan-Somalia movement among the tribes of French, British and Italian Somaliland, the Ethiopians fancy they discern the bogeyman of British and Italian imperialism. This, plus Italian Somali-land's decision to demand a U.N.-supervised referendum in Somali grazing lands inside the borders of Ethiopia, constitute one of the chief sources of Haile Selassie's growing suspicion of the West. With an age-old fear of Moslem encirclement, the Ethiopians would like to annex the Somalilands themselves, as they did Eritrea...
...strike was not slowing the boom, the Fed began to worry over what will happen when the steel strike ends and steel users return in full force to the loan market. Many bankers think that an end to the strike, if not too long postponed, will create such a demand for money that rates may even take another jump before year...
...Line. A decade ago, Britain had 45 first-class plane-and enginemakers. Now there are 30. Companies are dropping out because the industry's capacity is far higher than the demand for planes. There are so few orders that major planemakers are building for stock-putting together planes and praying that they will be sold one day. A buyer can get delivery of a turboprop Viscount or Britannia in two to three months, v. twelve months for a U.S. Lockheed Electra...