Word: effective
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Dates: during 1950-1959
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...rule banning inter-House lunch at Harkness has been in effect since 1951, but College students have had de facto permission to eat there in previous years...
...Harbison and the orchestra appeared to be most at their ease in the lively outer movements, where their energy and exuberance made an especially happy effect; the Andante seemed a bit pallid. But in the Allegro and the concluding "La Tempesta" (Haydn's cloudburst is Austrian naivete and gentility compared with Vivaldi's) they produced a sound richer and larger than the orchestra's numbers suggest. An even bigger sound could be heard in the substantial D minor piano concerto of Bach, in which the sonority of the opening unison belied the fact that the forces involved really amounted...
...Treasury has thus sopped up billions-and within a year forced up the rates on short-term loans to nearly double their previous level (see chart). "The Secretary of the Treasury doesn't want a printing press [for money] in his office," says Alexander, "but the practical effect of the rate ceiling may be to put one there...
When the market collapsed in 1929, Morgan tried to stop the panic as it had managed to do before. It headed a pool that put up a reputed $240 million to support the market. But the move had little effect. While Morgan's interests were relatively unscathed by the crash, the Depression spelled the end of concentrated banking power. The New Deal launched a campaign against "the princes of privilege." J. P. Morgan II was hauled down to Washington to appear before a whole series of investigations. Control of U.S. finance passed from Wall Street to Washington. Regulatory bodies...
Elsewhere in this collection, Mailer speculates coyly about what future Ph.D. candidates will say of him, shoots back, wadded into spitballs, most of the unfavorable reviews he has received, and reacts with the fury of an upstaged diva to a photograph he considers ill-chosen. In effect, what Mailer has produced is a record of an artistic crackup. By the early 1950s the spare, controlled prose of The Naked and the Dead had turned sour and turgid, and its author was drifting in a haze of liquor, seconal and marijuana. Mailer has stopped using "the minor drugs," he says (although...