Word: half
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Dates: during 1950-1959
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...slacks, sandals, open-throated sports shirt, he may loaf in the garden during nonworking intervals; if it is Sunday, he will stroll to the village pub (The Hoops) for a half-pint of bitter. More often of an afternoon, he will show a visitor about his property, explaining sculptured works in a soft, eager voice almost denuded of its Yorkshire burr, describing with a loving caress along a bronze flank why it takes two or three weeks of rubbing, gouging, sanding and polishing to finish a freshly cast figure: "It's the putting on of skin." In a corner...
Behind the Fed's decision to follow the interest market up another half notch was concern over the ballooning of commercial loans, which have continued to rise despite downturns in loan requirements in industries affected by the steel strike. During the strike's early stages, the Fed delayed raising the discount rate for fear of adding to the effects of the strike on the economy. But as it became clear that the strike was not slowing the boom, the Fed began to worry over what will happen when the steel strike ends and steel users return in full...
Most businessmen do not think that the high cost of borrowing will choke off the boom. Corporate income taxes today trim the real cost of borrowing money by as much as one-half, with the result that the effective cost of borrowing money is still lower than at many other times in U.S. history. Moreover, a borrower who really needs the money is not likely to quibble about half a point...
...accumulate excessive inventories." says Vice President Loren M. Whittington of Cleveland's Society National Bank. "Business has to get money for inventory and capital spending by borrowing. But banks are pretty well loaned up." Inventory buying has already begun to level off. In 1959's first half, manufacturers boosted inventories by a near-record $2.9 billion, raised the total to $52.1 billion, fast approaching the alltime high of $54.2 billion in mid-1957. But in July, inventories rose by only $100 million. The steel strike is another major factor in slowing inventory buying. "Steel is having its recession...
...York businessman who has never been happier. His name: Ivor B. Clark. His business, which can only be enhanced by a tight-money situation: finding lenders to put up money on propositions that they might ordinarily turn down. Clark, 69, is so good at his job that in half a century he figures he has found close to $1 billion for borrowers. And last week Money Finder Clark was dickering on the biggest deal of his career: arranging the financing for two 90,000-ton. super-economy transatlantic ocean liners. If the German government will give a guarantee...