Word: freedly
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Dates: during 1950-1959
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Secretary of the Treasury Humphrey and the Federal Reserve Board had to move swiftly because, in an economy freed of direct controls, the burden of curbing inflation fell upon indirect fiscal controls, chiefly the restriction of credit. Though Eisenhower's moneymen have moved with seeming sureness, even they know that they are sailing, uncharted fiscal waters. For the first time, the U.S. is trying a great experiment: control of the ups and downs of a semi-war economy by fiscal and credit means alone...
...Indian troops alone would guard the prisoners, that the other four nations would supervise. The U.N. was now willing that a post-truce political conference should discuss the fate of unwilling prisoners, but not endlessly: there would be a cutoff point after which the remaining prisoners would be automatically freed...
...because of a pleading letter from his wife. Last week the White House gave out the true story. Two months ago, President Eisenhower wrote a letter to Czech President Antonin Zapotocky, pointing out that the U.S. would consider easing up the economic squeeze on Czechoslovakia only if Oatis was freed from his ten-year sentence on an espionage charge. Wrote Ike: "If your government will release Mr. Oatis . . . the United States Government . . . is prepared to negotiate . . . the issues arising from the arrest of Mr. Oatis and now outstanding between...
...wife and more than 200 newsmen. Meanwhile the State Department, which had cut off all trade with Czechoslovakia, banned tourist travel and forbidden Czech planes to fly over the U.S. zone of Germany, made it clear that no "deal" had been made with the Czechs to get Oatis freed...
Died. Nicholai Radescu, 77, exiled former Prime Minister of Rumania; in New York City. Freed from a Nazi prison, General Radescu signed the 1944 pact switching Rumania from the Axis to the Allies, headed the first (and last) democratic, postLiberation government, was ousted after a bloodily successful Communist-led uprising in March 1945, narrowly escaped assassination and came to the U.S., where he formed a Free Rumanian committee to work for his country's liberation...