Word: demanding
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Dates: during 1950-1959
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...Western alliance-it headed off, at least temporarily, what would have been a highly embarrassing U.N. Security Council debate on France's conduct in North Africa. Delighted at the prospect of U.S. involvement in North African affairs, Habib Bourguiba quickly agreed to defer Tunisia's demand for immediate discussion of the Sakiet bombing. France, for its part, accepted postponement of debate on her counter-complaint charging the Tunisians with giving aid to the Algerian rebels...
...Tunisia itself neither disputant seemed so reasonable. When France defied Bourguiba's demand for the closing of five French consulates, Tunisian police forcibly shut them down and evicted their staffs. Bourguiba appeared to be adamant in his insistence that France must evacuate not only the dozen or so minor French garrisons scattered throughout Tunisia but also four airstrips and the vast naval complex of Bizerte, which is the French navy's most important Mediterranean base after Toulon...
...spur business, the Federal Reserve Board last week brought out the most potent anti-slump tonic in its bag of economic medicines. It cut by ½% the minimum cash reserves that must be kept by the Fed's 6,400 member banks to back demand deposits; minimum reserves were dropped to 19½% of deposits in New York and Chicago. 17½% in most other big cities and 11½% in "country" bank areas. This freed $500 million from reserves, and since each such dollar can generate up to $6 in loans, it could add close to $3 billion...
...policy of easing money seemed to be getting results. Last week several New York banks lopped ½% off time-deposit rates, dropped them to 2% or 2½%. As interest rates edged down, demand for credit picked up. Loans by New York City banks rose $152 million last week, more than twice the gain of the same 1957 week...
Supplying the demand, the town doubled in population, brought prosperity to thousands of people near by. Every fourth house became a small home factory with at least one buffing wheel. Of the 1,695 plants, the biggest had 13 workers; most had under four. It was hard, unhealthy work, and almost all the 11,000 workers have lost fingers on buffing, grinding or cutting wheels. But the price seemed well worth the return; many made as much as $70 a month, double the average Japanese wage. Tsubame was soon getting 43% of its revenue from the industry. Last year...