Word: loans
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Dates: during 1950-1959
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Five-Cent Coffee. But the nation's mood was wariness-not despair. Many a family was taking advantage of easier credit to buy or build the house that "tight money" kept out of reach during the 1957 boom. Federal Housing Administration loan applications during 1958's first eight weeks added up to 31,929, as against 18,662 in the same span...
...acted after a survey showed that "a good many individual banks" could not satisfy all loan demands. Said FRB Chairman William McChesney Martin Jr.: "We want to get down to the point where no banks are holding back...
Trickling Aid. But he believes that France's refusal to come to terms with the Algerians threatens not only his own but the West's whole position in North Africa. He is especially bitter at the recent $655 million loan to France, which he and other North African leaders interpret as financial support for France's Algerian war. He contrasts this aid with the trickle of money received by his own country...
Last week Strauss tried to cool British resentment with an offer to advance Britain $280 million against future German armament buying. Britain could use the cash to bolster foreign currency reserves, but such a "loan" was hardly a substitute for the funds it needs to help support its 60,000-man Rhine army...
...answer came in Chicago, where the mystery was whether Georges Seurat had originally included his only self-portrait as a mirror image in his famous painting of his mistress, Young Woman Powdering. Chicago Art Institute Director Daniel Catton Rich and Painting Conservator Louis Pomerantz, taking advantage of the loan of the painting from London's Courtauld Institute for the Chicago Seurat show (TIME, Jan. 20), decided to test the legend by X ray. To their delight, they found beneath the paint the blurred outline of a man's head. The discovery tended to confirm the tale that Seurat...