Word: interestingly
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Dates: during 1950-1959
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Kiss of Death. Health. Education and Welfare Secretary Marion Folsom tried to revive interest by calling a special press conference to report the President was still behind the bill. Then he went off to the White House to discover that the President was not about to issue any ringing endorsements. Next day Ike's position became clearer. Leaving a White House conference, House Minority Leader Joe Martin reported the President "not entirely satisfied" with the compromise. But, said Martin: "I think that in all probability the Administration will accept it as a starter if passed by Congress...
Despite high interest and tight money, the tides of U.S. prosperity washed still higher. Business capital expenditures for the first half were up 8%. Steadily rising personal income went up again in June to an annual rate of $344 billion, $17 billion over last June. Department-store sales were running a good 5% ahead of a year ago, while corporation-earnings reports for the second quarter were generally good (see below...
...many U.S. businessmen-and politicians-the most pressing economic problem of 1957 is the increasing tightness of money, which last week drove the interest rate on U.S. Treasury bonds to the highest point in nearly 25 years (see above). Yet tight money, which economists define as a shortage of available capital to meet the demands of an expanding economy, is not a peculiar phenomenon of the great American boom. As gauged by interest rates, the U.S. actually has easier money than 23 other major nations. The entire free world is caught in the grip of an unparalleled capital shortage that...
While U.S. firms with high credit ratings can still make short-term loans at 4%, British businessmen must pay 51%. In Germany, Japan, France, Brazil and Greece, interest rates run anywhere from 7% to 12%. For smaller companies, the effective rate often is much higher, reaching 25% or more annually. Even at such rates, demand so far outstrips supply that companies are hard-pressed for expansion capital, are turning increasingly to profits to get the funds they need. In Britain, West Germany and Belgium, some businessmen are plowing up to 60% of all profits back into their firms...
...Liberty. Within its first year Disneyland broke into the black, now pays Walt Disney some of his most handsome dividends since Mickey Mouse. The Disney family owns 48% interest in Walt Disney Productions, which in turn owns 66% of Disneyland's 14,500 shares; the remaining shares are held by American Broadcasting-Paramount Theatres...