Word: liquidates
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Dates: during 1950-1959
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...built-in stabilizers (social security, farm program, deposit insurance, widespread ownership of liquid assets including U. S. bonds) help to ensure against collapse. For expansion, however, an active program is needed including lending and guaranteeing operations by the government (housing, rural electrification, etc.), public investment projects (resource development, power, roads, health, education, etc.), tax rates low enough to ensure that full employment savings will find adequate investment outlets; and finally, a monetary policy that will ensure low rates of interest and ample liquidity for a growing economy...
...scientists are primarily interested in oil refining. They hope that gamma rays will do the job of high pressure, high temperature and conventional catalysts-all of which are expensive. But "radiation catalysis" has possibilities far beyond oil refining. It can cause "polymerization"; i.e., join molecules of a liquid into solid, plasticlike substances. By making a reaction proceed at low temperature, it can produce valuable compounds that would be destroyed by the heat of an ordinary chemical reaction...
...their capital tied up in long-term mortgages, they are neither diversified nor able to pay off investors if there should be a sudden rush of withdrawals. Savings and loan men answer that, under law, 6% of their funds are kept in cash or Government bonds, hence are readily liquid, and most accounts are Government-insured, just like most savings accounts. They also argue that the home-mortgage loans of any association, taken in cross section, "are highly diversified, [since] the employment and professions of borrowers vary widely...
Flanked by busts of Washington and Lincoln, Avery announced that he had hired an outside public-relations firm to present his case to stockholders and would use "every legitimate means to resist the raiding parties being organized to grab the large liquid assets of the company." As far as Wolfson was concerned, snapped Avery: "I don't know what is in his mind . . . This is all a very savage and vicious thing and a menace to the United States. Management is hired to run a profitable business and protect the interests of stockholders. We intend to continue...
Cold beyond help of padded clothing or any flask of liquid warmth, a hunter can still come alive to the heart-moving sight of "White Wavys" (snow geese) settling into range or the whisper of duck wings in the reeds just before the birds take off. Last week, as wintering waterfowl beat their way south, hunting seasons were opening along the ancient flyways: the Atlantic seaboard, the Pacific and mountain states, down the Mississippi Valley and south across the Great Plains. Everywhere the birds stopped, they matched wits with well-equipped adversaries. Guns belched bird shot from cramped duckboats...