Word: halt
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Dates: during 1950-1959
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...Uppermost in our minds" were three "haunting questions" posed by Swedish Economist Per Jacobsson, the fund's managing director. The problems: 1) Is it possible to halt inflation in a world so anxious for expansion? 2) Can the ravenous capital appetites of underdeveloped countries be appeased without further inflation (see below)? 3) How can world currencies, undermined by inflation, be stabilized...
...Investment. As its answer to question 3, the fund ended fiscal 1957 with a currency-supporting record that topped the entire previous total of business in its ten-year career. To halt a run on sterling in the Suez crisis, the fund gave the United Kingdom a dollar loan of $561.5 million and stand-by credit of $739 million, its biggest single deal to date. The fund gave temporary first aid to the slumping reserves of countries "with rather ambitious development programs" (Argentina, Denmark, France, India, Japan, The Netherlands). It eased seasonal trade deficits in countries with only one major...
PULLMAN SLUMP caused by airplane competition will force Pennsylvania Railroad to halt coast-to-coast through-sleeper service, make transcontinental passengers go back to switching trains in Chicago. Each through sleeper needs 15 passengers to break even, has recently averaged only nine...
...International Automobile Fair in Frankfurt hurried past the halls filled with big, sleek U.S. models, slowed down only slightly in the rooms where a new Porsche hardtop convertible, a new face-lifted Mercedes, Opels, Volkswagens and other German-made regular cars were on display. They finally came to a halt and milled around in the pavilion where midget-auto makers, some of them motorcycle manufacturers, were showing a half-dozen new models added to the score they brought out last year. Among the new bug-sized eye-catchers...
...bitterest argument. The problem: increasing competition from foreign carriers, largely because the U.S. is letting more and more foreign lines get into choice U.S. markets. Last week, as Pan American World Airways inaugurated a long-contemplated polar route from San Francisco to Paris, the French government threatened to halt the flights unless its Air France got a similar route-and the U.S. State Department quickly said that it would consider the matter...