Word: expansionism
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Dates: during 1950-1959
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With U.S. consumer debt at a new high, a top Government economist last week issued a stern call for credit caution. Raymond J. Saulnier, chairman of the President's economic advisory council, told the nation's bankers not to go "overboard" in increasing consumer installment buying. Said Saulnier...
In 1955, said Saulnier, a too rapid expansion of credit caused overbuying of autos and other consumer durables, helped bring on the recession of 1957. If consumer installment purchasing increases too rapidly now and after the steel strike, Saulnier fears U.S. consumers will overreach themselves, bring on a decline.
This year for the first time a few lecture courses, with enrollments of 20-40 girls, have been instituted, and every sophomore and junior is required to attend one of these. The rationale for the modification is that some students will benefit more from a lecture than from the small...
Last spring, British Mathematicians Raymond A. Lyttleton and Hermann Bondi attributed the expansion of the universe to the presence of thin hydrogen gas between the galaxies, suggesting that the hydrogen atoms may have slight positive charges and therefore push one another apart by electrostatic repulsion (TIME, June 22). A still...
Leading the automakers' third-quarter reports was Ford Motor Co., which had earnings of $53.2 million, or 97? per share, v. a $14.9 million loss in the same period last year. The buoyant third period pushed Ford's nine-month earnings to $6.19 per share. Studebaker-Packard had...