Word: fed
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Dates: during 1950-1959
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...other side of town, Mike Quill, grown obese on a well-fed gluttony for power, chuckled in his beer. Amateur hour was over...
...Chicago Fed argues that profit reports should not be limited to cash available for dividends and retained earnings, but should also include such things as depreciation, i.e., funds set aside to help pay for new plants and replacement-in effect, profits plowed back into the business. To get a better idea of profits, the Chicago Fed uses "gross returns to capital," counts the total profit after taxes, including all depreciation, interest, retained earnings and dividends. On that basis, there is no profit squeeze. Gross profit margins have actually gone up, will total 7.6% on sales...
Perhaps poets like T. S. Eliot (whose cat Macavity was a being of singular depravity) or those who are as sensible as Dr. Johnson (he had a cat called Hodge and he fed it oysters) or as mad as Edward Lear (who had a cat called Foss which resembled an owl) should be permitted to write about cats. A cartoonist like the late great Herriman, whose Krazy Kat spoke a wild, weird kind of New York Yiddish in Coconino County, Ariz., also belongs in this noble company. Not so Thomasina. Cats may be useful animals to have around any house...
...only the mildest and most cautious of the many devices at its disposal. Aside from such private lenders as savings banks, insurance companies and pension funds, the vast bulk of the commercial credit in the U.S. is based on commercial bank deposits, 85% of which are controlled by the Fed through its 6,462 member banks...
...reduce credit, i.e., lending ability, as the Fed has been doing under its tight-money policy, it digs into its $23.3 billion portfolio of Government securities and sells them on the open market, to either the general public or anyone else (banks, dealers, insurance companies) that wants to buy. To pay for them, the buyers draw down their bank accounts, cutting the amount of money banks can lend. To increase credit, the Fed merely has to buy securities. Its checks, deposited in banks, increase the banks' reserves and make more money available for loans. Moreover, since banks can lend...