Word: leveler
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Dates: during 1950-1959
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...than Suez (40.6 million tons in 1955 to 115.7 million), but it is even more complex to run because ships have to be raised and lowered by locks. And Panamanians are leary of bolstering arguments, commonplace in naval circles, that the U.S. ought to punch a new, broad, sea-level canal elsewhere through the narrow waist of the Americas...
Decline & Fall. "Nor can we blink the fact that the quality of those teaching has steadily been falling. College graduates of the highest caliber are ever less likely to select teaching as their career . . . The level of preparation for, and instruction in, the colleges will decline...
...where the Lord saved Lot and his naughty daughters, then rained fire and brimstone on the sinful city, a 6 ft. sign went up this month. Written in Hebrew and English, it noted that "Sodom is the lowest point of habitation in the world, 1,286 ft. below sea level." Then, after telling the Biblical story of Sodom's destruction, it added: "Today, Sodom is the center of Israel's potash production...
...last week than at any time since the Depression. Major U.S. banks, struggling to meet the massive demands of business for plant expansion, increased the prime rate (minimum interest charged the biggest, most reliable borrowers) from 3¾% to 4%. By upping the price of money to the highest level it has reached in 23 years, bankers hoped to stretch available credit to satisfy the pyramiding requirements of established customers. Smaller businessmen will be paying at least 5% for loans, while many companies that have not set up lines of credit may find they are unable to raise money...
...only to cool off the demand for credit but to ease down on inflation. The FRB moved none too soon. The Government announced last week that the cost of living jumped 0.7% for the second straight month in July, setting a new record (17% above the 1947-49 level). Moreover, the upsurge, paced by bigger-than-seasonal rises in fruit and vegetable prices, promises to take another bite out of the dollar. As a result of the cost-of-living increase, 1,250,000 union workers will automatically receive 3? to 5? hourly wage raises under escalator contracts geared...