Word: humphrey
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Dates: during 1950-1959
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...year-old belief that the world was tied to a boom-or-bust economy began to bust. The result, as 1954 ended, was a feeling of firm confidence in the U.S. economy and in dynamic capitalism as an economic way of life. Secretary of the Treasury George Humphrey, a hard man with a dollar's worth of optimism, summed up this economic feeling in a financial man's superlative. Said he: "I'm a bull on the world...
...Hollywood productions-and neither was made in Hollywood. John Huston's Beat the Devil, written by Truman Capote and shot in Italy, was a magnificent leg-pull: a kind of dipsoid tirade of brilliant comic invention, played with a cross-eyed, morning-after charm by a fine cast (Humphrey Bogart, Jennifer Jones, Robert Morley, Peter Lorre). On the Waterfront, Elia Kazan's burly piece of camereering along the docksides of Hoboken, had excellent photography, though the drama sometimes got out of emotional focus. But the meaning of it all came clear in Marlon Brando, who turned in what...
...increase the individual's standard of living, retain his political freedom, and give him the leisure and resources to create a culture like none in history. I give you the man who best understands what the U.S. system is all about, Secretary of the Treasury George Humphrey...
...record, the relative stability of the U.S. economy since 1953 was the best evidence Humphrey had on his side. The cost of living, which rose to 115.4 (1947-49 = 100) in 1953, has only fluctuated .7 point in the past ten months, and is now at 114.5, nearly a point lower than last year...
...Federal Reserve Board, which were often at odds over policy during the Truman Administration, have worked in harmony to keep the money markets operating smoothly. Furthermore, the Administration has given up another hard-money idea, at least for the time being: balancing the national budget. Last week Secretary Humphrey announced that this fiscal year's deficit would be about $4.7 billion, but that he hoped it could be held under $3 billion next year...