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...this would be straight grants (plus another $78 millions for administrative expenses). In addition, the President asked Congress to increase by $1 billion (to $4.5 billion) the lending authority of the Export-Import Bank...
Manhattan nightclub reporters groped for the right words for the newest French import. Wrote one: "She sounds like Edith Piaf [TIME, Oct. 3, 1949] but looks like a younger edition of Peggy Hopkins Joyce." Tried another: "A young Piaf, but pretty." Meanwhile, blonde Marjane (short for Marie Jane Thérese Gendebian) had Manhattan café socialites begging for more of her songs...
With Embroidery Scissors. Neither legislative wing could claim that it had done much to earn the holiday. True, in 38 days the Senate had passed 163 measures; in 33 days the House had passed 104 measures. But many of them were of minor import, to say the most, e.g., authorization for the Marine Corps Band to give a concert at South Boston, Mass., designation of 1951 as Audubon Centennial Year. Only a few major bills, such as extension of rent control, a $2.7 billion appropriation for navy shipbuilding, had been passed and sent to the White House...
...first (and probably its last) appearance. It violently attacked social and economic conditions under the banner heading: "Clothing, shelter and homes can wait-but food cannot." The Voz Social editorial pointed out that through the offices of ministerial employees, it was a simple matter for black marketeers to obtain import licenses for splendid American convertibles, while farmers were unable to get licenses for tractors; that the building of hospitals and low-price houses had been halted by lack of material, while luxurious apartment houses and private mansions mushroomed in Madrid. Barcelona had not read that kind of talk for years...
...things right. Martin helped draft the plan which completely reorganized the exchange in 1938, and became, at 31, the exchange's first paid president. In 1941 he entered the Army as a private, rose to colonel. After the war, President Truman appointed him to run the Export-Import Bank, from which he moved to the Treasury two years ago. Nobody thought that the appointment of Martin would permanently settle the dispute over the national fiscal policy. But FRB members felt that Martin could be counted on to back their fight for a sounder money policy...