Word: demands
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Dates: during 1950-1959
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...Nick's problem was no different from that of other harried mayors of big cities in the U.S.: how to raise cash for increased municipal services and capital improvements when more and more of the people who work in the city-and demand the improvements-live in and spend their dollars in the suburbs. Early in his term Big Nick set up committees to study Denver's needs and to find ways and means of raising the money for an improvement program. The mayor's own suggestion: a city income tax. To the folks in metropolitan Denver...
...mayor himself was incensed. Driving near a Denver shopping center one day, he saw an anti-tax woman circulating petitions, climbed out of his car to demand that she be chased off the property. Publicly, he charged that his biggest opposition came from "non-Denverites and crackpots," and so alienated the few leading businessmen and professional men who had remained on the sidelines. On public panel programs he would all but stop the show by insulting his opponents. When a petition was circulated for his recall, Big Nick allowed that he would like to sign it, "because I would like...
...year will see a sharp dip during the first half, followed by an upturn in the last six months, helped along by big increases in Government spending. Will the first-half softening lead to price cuts in key industries? The answer seems to be no. Few industries, as demand eased, were talking of price cuts. Instead, they were hastily chopping production, keeping inventories down and, like their customers, living from hand to mouth while they waited for business to improve...
...fast. Martin stumped the nation preaching "inflation, not deflation, is the real danger." To check all phases of the buying jag-a rise in industrial expansion, piling up of business inventories and increases in consumer purchasing-the Fed squeezed tight on the nation's credit supply. As the demand for money kept rising, interest rates rose to the highest point since 1932. Even so, corporations floated some $12.7 billion worth of public securities. 16.5% more than ever before. As costs went up until they hit 4.5% for the biggest borrowers and 6% or more for smaller firms, many...
...boom eased in the U.S., it was also easing around the world, bringing a drop in the demand for U.S. goods. The record dollar value of U.S. exports ($19.5 billion in 1957) and imports ($12.7 billion) may slip less than 5% in 1958. One of the major battles of 1958 will be over U.S. tariff walls and reciprocal trade pacts, with traders insisting that the U.S. does not buy enough and protectionists insisting that it buys too much. Yet in 1957, an encouraging answer to critics who say the U.S. does not trade enough was the case of foreign automakers...