Word: loans
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Dates: during 1950-1959
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Marya Mannes, in The Reporter, took a position strongly favorable to the play but just as strongly unfavorable to the production. Kenneth Tynan, the London Observer's notoriously excoriating critic currently on loan to The New Yorker, took the opposite tack: "In every department the presentation is flawless. The same, unfortunately, cannot be said of the thing presented." Whereupon he let fly with a long barrage of his famed artillery at the play's content...
...Lawrence Seaway) kept payrolls and profits at near-record levels. Unlike the U.S. Government, Prime Minister John Diefenbaker's Tory government found it feasible to finance antirecession measures. Tax cuts and increased social-welfare payments encouraged consumers to buy at record rates. A $350 million government mortgage-loan program pushed housing to an alltime peak (160,000 starts) and touched off subsidiary booms in a dozen supply industries. A good farm and fishery year pushed exports of wheat, cattle and salmon to high levels, kept foreign money flowing...
Building further their brothers-under-the-greenbacks camaraderie, ardent Art Fancier Averell Harriman, Democratic Governor of New York, offered to Republican Governor-elect Nelson Rockefeller, an art lover even more ardent, a token of no hard feelings: the loan of eight etchings and two oils by James Abbott McNeill Whistler and one oil by John Singer Sargent for Rockefeller's use in the executive mansion...
DEVELOPMENT LOAN FUND, from which U.S. lends to spur private enterprises abroad, has suffered severe pruning in battle of budget. With backlog of about $1.5 billion in loan requests from all parts of world, fund had hopes for $1 billion appropriation in next fiscal year. But Administration reluctantly cut figure to $700 million, and Congress is expected to trim more...
...wholesale flood of credit. In the new economy so many other financial institutions -insurance companies, finance companies, savings and loan associations-have grown up that the nation's credit pool is increasingly independent of the FRB. Nor was Chairman William McChesney Martin Jr. in any tearing hurry to force feed the economy. Said Martin: "During a boom, waste and inefficiency creep in naturally. It's hard not to believe that recession does a lot of business a lot of good...