Word: farming
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Dates: during 1950-1959
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...philosophy that Government aid should be a stopgap thing and hinted strongly that it was high time for his listeners to stop asking for more subsidies. Occasion: the meeting of 8,000 delegates to the 17th annual convention of the National Rural Electric Cooperative Association, lobbyist for the farm co-ops subsidized by the U.S. under the Rural Electrification Administration...
Born during the Depression, REA sought, by offering loans at a less-than-cost rate of 2% interest, to bring electricity to thousands of farm families that had none. REA did its job, and well: now more than 95% have such service. The necessity for a federally subsidized REA system has obviously decreased with REA success, yet REA has continued to grow as a dug-in interest, representing assets, loans, etc., worth billions and often generating as much political as electrical power...
Left-Leaning Neighbor. Quietly he set about righting some of the wrongs. "Each dollar is a soldier that does your bidding," he once said, and he watched them win or get mowed down. He turned parts of his Hudson Valley estate at Rhinebeck, N.Y. into a model farm, parts into a holiday home for invalid children. He kicked off and often led a house-to-house canvass of tenements built on his land, urged New York police to crack down on lawbreaking landlords. In later years, during Mayor Fiorello La Guardia's social-reform surge, he demolished slum tenements...
...admits that tax cuts "worked" when the Administration chopped taxes $7.5 billion in 1954: the next year's growth was 8%. How to cut taxes and still maintain vitally important defense programs? Economist Slichter thinks it is just a matter of "common sense," starting with the $5.3 billion farm subsidy. Says Slichter: "The farm subsidies are just plain corruption...
...distinction" and ''the thinking man," U.S. TViewers last week could add a brand-new advertising character: "the Massey-Ferguson kind of a man." As the first farm-equipment manufacturer to launch a network TV campaign, Toronto's Massey-Ferguson Ltd.. the world's largest maker of tractors and self-propelled combines, described their man as "a special kind of man; he's a doer, not a talker. He's a get-up-early, keep-'em-rolling kind...