Word: leveler
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Dates: during 1950-1959
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...Chicago suburb of Markham looks like any of the thousands of bedroom communities that rim the cities of the nation: its lawns are well trimmed, its homes are split level or ranch, its streets neat and winding. To the 40O-home subdivision of Park Terrace in Markham last week drove a young, house-hunting couple. They cruised for a while, stopped off at the sales office, asked Sales Manager Milton Lewis to take them through the model homes. "Certainly," said Lewis. "Of course, you folks are aware that Park Terrace is a Negro development...
Chairman Willi Richter, 64, keynoted: "Owning a radio or TV set or refrigerator or washing machine is today no longer a luxury. It merely corresponds to the level of our civilization." His federation, which has seen its membership fall from 40% of Germany's labor force to about 33% in the last decade, this year was making an easygoing pitch for shorter working hours. But when pink-cheeked Economics Minister Ludwig Erhard appeared at the opening session and voiced a fervent appeal for longer, not shorter, hours, the delegates dutifully applauded and dropped the idea of a resolution...
Tightening money last week sent the Federal Reserve discount rate to 4%-the highest level in 24 years. It was the fifth such increase since the Fed set the discount rate at 1¼% in the 1957-58 recession as an aid to recovery. In abandoning the 3½% level that had held since last spring, the Fed's purpose was to narrow the abnormal gap between the cost of Fed money to member banks and the rate at which the banks could lend money to their customers. After commercial banks upped the rate to their best customers from...
...will be impossible for business to accumulate excessive inventories." says Vice President Loren M. Whittington of Cleveland's Society National Bank. "Business has to get money for inventory and capital spending by borrowing. But banks are pretty well loaned up." Inventory buying has already begun to level off. In 1959's first half, manufacturers boosted inventories by a near-record $2.9 billion, raised the total to $52.1 billion, fast approaching the alltime high of $54.2 billion in mid-1957. But in July, inventories rose by only $100 million. The steel strike is another major factor in slowing inventory...
Candidates in Cambridge elections run as individuals or with the unsolicited endorsement of non-partisan groups like the CCA. There are no formal party affiliations on the municipal level...