Word: following
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Dates: during 1940-1949
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...woodburning stern-wheelers stopped to cut into the tropical forests for fuel. That made for greater erosion, and also for a quicker rain runoff, with the result that the river could be high one day, low a few days later. Sandbars piled up so fast that steamers could not follow the same course from one day to the next...
...first day of the new currency issue, Shanghai merchants jacked prices up 20%. If they got away with that, other price rises would follow and the new currency might become as worthless as the old. Best sign that that would not happen was a flow of gold bars into the government's coffers as hoarders gave them up to purchase the new money...
...facile speaker and hard worker,with a keenly analytical mind, Steinhardt likes to keep his finger on every last detail. He will have it easier in Ottawa. But his service in Ottawa might be brief. Should a Republican Administration take over next January, Steinhardt would follow tradition and offer his resignation. As a good Democrat he could be pretty sure that it would be accepted...
...Follow That Car. Correspondents got no briefings before the Kremlin visits, and no comment afterwards. They haunted the embassy entrances, set out in hot pursuit whenever a bigwig drove away, trailed the envoys to every lunch and dinner date. Arriving at the British embassy after one tiring encounter with Molotov, Ambassador Smith, usually an even-tempered man, snapped irritably: "You just sit here. I'll tell you everything." Then he told the newsmen nothing...
...intentions were toward deflation-just a little deflation. Treasury Secretary John Snyder upped to 1¼% the 1⅛% interest rate on short-term Government bonds. lie expected, rightly, that banks would follow the example and raise interest rates, thereby curbing the inflationary expansion of credit. By midweek, some bankers announced plans to boost basic lending rate from 1¾% to 2% (for borrowers with the highest credit rating) and to adjust other rates accordingly...