Word: drain
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Dates: during 1950-1959
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...next four years, more than $21 billion in Government war bonds (Series E) will be due for payment. To prevent a drain on the Treasury and keep the cash from adding to inflation, Treasury Secretary John Snyder last week came out with a plan. Its nub: encourage people to hold on to their E bonds by continuing the interest after maturity. If they keep the bonds for ten more years, they will collect an average annual interest of 2.9%. As an alternative for those who want to collect on their bonds every year, Snyder would permit them to convert their...
...cancellations were in no way connected with the draft situation or with any kind of de-emphasis of athletics," he said. "We eliminated the games because travel expenses were too big." Dartmouth dropped wrestling as a varsity sport two years ago because of the financial drain...
...India's 176 million cow population perform the useful function of providing motive power, milk, and dung for fuel. The relatively small number of aged cattle who roam the streets and paths are cared for like beggars by the community. Their meager grass ration is no serious drain on food resources...
...Petroleum Co., which used 81% of the money to bail out creditors; and $975,000 to Reno's Mapes Hotel, which gets a big part of its income from a thriving gambling concession. Congressional probers had found that 50% of all RFC business loans had gone down the drain of shaky companies instead of being used to finance new ventures...
Grace's claim was not as fantastic as it sounded. In World War II the biggest drain on U.S. steel production came from the simultaneous need to build a whole new Navy and a vast cargo fleet, plus hundreds of new oil refineries, aluminum plants, synthetic rubber plants, steel mills, etc. War in Asia had found the U.S. with most of these facilities in use or in reserve. Thus, even the heavier requirements for aircraft and tank production now would come far from matching the huge needs of World...