Word: higher
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Dates: during 1950-1959
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...neglecting Latin America. The U.S. itself had scant contact south of the border, and with war coming, as he saw it, needed Western Hemisphere neighbor nations it hardly knew. Rockefeller put the blame on the State Department for not following up U.S. business entries into Latin America with higher-type diplomacy, said as much in a report he forwarded to White House Chamberlain Harry Hopkins. Hopkins read the report, showed it to Franklin Roosevelt. Roosevelt asked the 32-year-old Rockefeller to visit him. Upshot of the call: Rockefeller's appointment as coordinator of Inter-American Affairs...
General Motors has an offer on the table that parallels the economic terms of the Ford and Chrysler settlements--improved layoff pay, a new severance plan, higher pension benefits, and continued cost of living and productivity wage increases...
...back from the North country, the team spent a day at Cambridge with its captain, Bob Hull, and then a day at Oxford with Dudley Wheeler. Weld's comment on the two bastions of higher education was "they're very impressive. I wish we had something like them over here...
...bond prices began to fall with the prospect of higher interest rates, speculators on thin margins were forced to sell, accelerating the decline. As specialists in collateral loans, Garvin, Bantel was active in financing for private buyers more than $300 million of the 2⅝% Government issue dumped so heavily by speculators. The exchange charged that Garvin, Bantel had failed to find out full particulars on its customers, to see whether they could commit themselves so heavily, that it had accepted less than the required 5% margin in some cases. Actually, the firm's part in the bond slide...
Planners have long known that a far better answer to downtown blight is to attract higher-income families back to town. Many cities have pondered how to do this, and some have tried. In one of the best efforts so far, Detroit last week opened the first unit of Lafayette Plaisance University City, an all privately financed and operated $30 million development of 1,029 rental and 938 cooperative apartments in a onetime slum area. When completed. University City, only half a mile from the heart of downtown Detroit, will occupy a 55-acre park with six 22-story glass...