Word: drained
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...Congress will feel the heat of truth about this matter and do something." At week's end the public was about to be educated. In Washington, the Federal Housing Administration prepared to raise the home mortgage rate from 5½% to 5¾%. a step expected to drain off financing for G.I. home loans, still legally limited...
...Want of a Nail. Each week it lasts. the strike will siphon off from the economy 2,000,000 tons of steel worth $300 million, plus $70 million in steel wages and an estimated $21 million in industry profits. The drain is affecting satellite industries. Around the country, of the 35,000 workers laid off in industries depending on steel, 9,000 were truckers, more than 10,000 railroadmen, several thousand seamen (on the Great Lakes. 300 broad-beamed ore carriers dropped anchor). This week at least another 30,000 nonsteel workers will be idled; next week the number will...
...their big, old (up to 80 years), crazily laid-out buildings defied modernization. Even so, Chicago's competitors in other markets believed the city might have held on if its slaughtering operations could ever have stabilized at some reasonable volume. But nothing Chicago did could stop the drain. Whereas in the 1920s Chicago marketed and slaughtered up to 18 million head of cattle, sheep and pigs annually, this year its marketings are expected to be only 5,000,000. Some 2,000,000 head of these will be shipped out of Chicago for slaughter elsewhere. More and more, Chicago...
...more than 2,000,000 people have fled East Germany-more than three times the natural population increase. Says Willy Brandt: "When East Germans ask me what to do ... I tell them to stay as long as they can manage." His reason: the fear that if the population drain continues, the Russians may begin to resettle East Germany with other people, bringing the Slav tide to the edge of Berlin...
Rhetorical Question. The hospitals were in a financial bind. All operate at whopping deficits (up to $1,872,000 last year for Manhattan's Mount Sinai, biggest of those struck). Retorted the union: underpaid employees should not be called on to subsidize hospitals. A major drain on the voluntary hospitals has been that the city pays them only $16 a day for care of indigent patients, though it budgets $28 a day in its own hospitals. On July 1 it will begin paying $20, and the hospitals promised to use the extra funds to raise nonprofessional workers...