Word: favored
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Dates: during 1950-1959
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...unhappy victim of the Federal Reserve's "tight money" policy has been the housebuilding industry. The banks, with more borrowers than money available, have looked down their noses at Government-backed mortgage loans with their relatively low (4½%) yields in favor of higher returns in other fields. Result: a drop in new housing starts from 1,329,000 in 1955 to the current rate of 1,100,000 a year. Last week, to sweeten up such loans for the bankers-and thus make more funds available to home builders-the Government raised the interest rate...
High labor and construction costs, which in the past have taken business away from U.S. yards in favor of low-cost foreign builders, have kept the worldwide boom from reaching the U.S. sooner. But now that foreign shipyards have reached their capacity, the shippers have nowhere else to go. Two years ago, not a single U.S. shipyard had a new ship-construction contract; today 58 tankers and cargo ships are being built and 23 more are on order. The New York Shipbuilding Corp. has $70 million worth of 1956 orders for tankers. Newport News has a quarter-billion-dollar backlog...
Among the services, only the Navy is reportedly strongly against the unification plan. Captain Richard T. Spoffard, Professor of Naval Science, said however, "I'm personally in favor of a high-echelon reorganization--keeping the separate services...
Vellucci's proposed ordinance failed to get the two-thirds majority necessary to pass a city ordinance. The vote was four in favor, two opposed, and two abstentions...
...issues in the North-South conflict is that of the filibuster. An opening day attempt will be made to change Senate Rule XXII to facilitate limitation of debate, and Stevenson said he was "very much in favor" of this change. He said he had been "largely instrumental" in having a pledge to change the rule included in this year's party platform