Word: lessening
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...Lessening the Pressure. Some world bankers were skeptical of such a fund when first proposed because it smacked too much of funny money. But more of them have been coming round to the view that such a fund is necessary to finance vitally needed development programs that the bank cannot back because they contain individual projects that will not pay off. With the proposed new fund, the bank, for example, could finance a dam, while the IDA could finance nonself-liquidating projects needed to develop the area around the dam. One big point in IDA's favor: it would...
...plane in which Todd was killed last March, and 2) Michael Todd Co. (chief stockholders: Liz and Mike), which shared in "maintaining and controlling" the plane. Suing their own company was a fairly standard legal gimmick to provide funds for Liz's 15-month-old daughter and to lessen the tax bite: damages paid on court judgment could be tax free...
...April recession peak. Most economists fear that the total will remain high for months. Just as production drops off faster than employment when a recession begins, so employment recovers more slowly as a recession peters out, largely because of recession-time economies and technological advances that lessen the demand for workers...
...attrition -demands for cash-in refinancing operations had been running as high as an alarming 30%. Secretary Anderson set out to lengthen the average maturity of the federal debt, which had shrunk to 57 months, thus keep the Treasury from going to the market so often. He hoped to lessen competition with municipal and corporate issues, give the Federal Reserve a freer hand in controlling the money supply. In spite of complaints from money men that long-term issues would hinder the easing of money rates, Anderson tried several such issues. He judged the market shrewdly. Fortnight ago his longest...
...sculpture of remarkable proficiency. The work is actually a series of three pieces, akin in conception to Rodin's The Hand of God. Buscaglia might do well in the future to exhibit each separately. Each is capable of standing alone and each, despite their continuity, tends to lessen the importance of the other...