Word: five-month
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...fact is that FRB's five-month campaign to ease credit has failed so far to cut interest rates appreciably. Though Federal Reserve banks have cut their rediscount rate 1¾%, only a few loan categories such as 90-to-180-day bankers' acceptances and short-and medium-term commercial paper have followed with similar declines...
Barely thawed out from a five-month antarctic expedition. Australian-born Explorer Sir Hubert Wilkins felt it was time to leave New York and to head for his Montrose, Pa. home. Lady Wilkins put off the new expedition, objected that Montrose was too cold and too bogged down in snow, revealed that her bearded husband, who has been shuttling between the North and South Poles since 1913. "doesn't like cold weather and never...
...Billy Graham's five-month New York Crusade, which officially closed last week with a rally attended by 40,000 at Manhattan's Polo Grounds, drew audiences totaling 2,145.000 and resulted in 60,577 "decisions for Christ...
This week with the five-month summer water-cure season gushing at full tap, an estimated 50,000 French spaddicts are off to nearly 100 government-licensed "thermal establishments." Somewhere in France is a spa for every hydro-hypochondriac. Each spa is classified by the mineral content of its water and the diseases it is supposed to treat. Rheumatism is soothed at 55 stations; the spa at Encausse specializes in malaria; 27 other places cater to specific circulatory diseases such as heart trouble (Bourbon-Lancy), high blood pressure (Evian) and inflamed veins (Luxeuil...
...health of the economy. The Labor Department reported that employment in mid-May rose by 900,000 to 65.2 million employed. Unemployment, at 2,700,000, was holding stable at last year's level. New plants for new markets had already pushed the construction industry to a five-month total of $19.2 billion, 5% more than in record 1956. Private housing, down 17% so far this year, showed a sharp upturn to an annual rate of 990,000 new housing starts in May, leading hard-pressed builders to hope for a 1,000,000-home year in 1957 after...