Word: invest
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Dates: during 1950-1959
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...plays that use classical myths to reveal unexpected truths about contemporary social or political conditions. Contemporary problems treated as versions of Greek myths not only retain the desirable characteristics of classical drama (strong simplicity and universal suggestiveness); but the imaginative power of the classic myth enables modern authors to invest their works with poetic dialogue--very difficult to obtain in works concerned with the harsh realism of the bourgeois environment and twentieth-century man's lust for material gain...
...gains, President Eisenhower in 1954 drew $2,500,000 from his emergency fund to bankroll Department of Commerce participation at the fairs. But the U.S. is still hobbled by a shoestring budget. This year's appropriation for trade fairs is $3,600,000, less than some Communist countries invest in one big fair. Last year little Czechoslovakia took part in 77 fairs in the free world, East Germany in 65, the U.S.S.R. in 45. This year the U.S. will enter only...
They plan to invest $700 million there in the next four years, build pipelines from Hassi Messaoud and oil-rich Edjelé to coastal ports. Said French Chief Engineer Christian Redron at Hassi Messaoud: "In a few years we may no longer have to depend on the whims of a Nasser...
...catching up on power and fuel needs. Both were jobs that private foreign capital, if welcomed, would like to try. But Aramburu, feeling the hot breath of prideful nationalism, has not given the invitation. The $500 million, U.S.-owned American & Foreign Power Co. Inc. offered last December to invest $145 million and double Buenos Aires' power supply. Argentina declined. With all too little exaggeration, one power expert predicts: "By 1960 you'll be going around Buenos Aires with a candle...
...Treasury alibied that many of the maturing notes were held by corporations that need cash to meet their June 15 tax payments. But the fact is that many corporations feel that they can invest their money at better returns in non-Government securities. If the Treasury hopes to carry off its refinancing program successfully-and $28.5 billion in short-term notes will become due this year-it will probably have to boost its interest rates. In any case, it can expect little help from the Federal Reserve Board. In accordance with its independent policy, the Fed did not lift...