Word: localism
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Dates: during 1950-1959
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...Iain Macleod had shrewdly predicted, was the growing stake in society possessed by Britain's "new men of property"-car-owning, house-owning young workingmen whose fathers had never been able to save a shilling but who themselves were apt to have a comfortable nest egg in the local Building Society...
...Yard experts were doing any better than the local police, they were keeping mum. Said Detective Superintendent Richard Lewis bravely: "We are putting the jigsaw puzzle together." Bermuda locked its doors and waited in fear for the next new moon on October...
...results were in, everyone had a theory about the landslide. A psychologist proclaimed: "The public chose Cacareco as an image of solidarity symbolizing the Sunday family outing to the zoo." Brazil's politicians knew better. Partly, it was pure orneriness. It was also an expression of anger at local officials, who have done nothing about the city's unpaved streets and open sewers. And since those officials were members of the coalition that elected President Juscelino Kubitschek, they also took the rap for Brazil's rising prices and the shortages of such basic commodities as beans...
...basic health of the U.S. economy. Despite the steel strike, most sectors of the economy are moving along steadily. To help offset a bigger drop caused by inventory depletion, the gross national product will benefit in the third quarter by increases of $1 billion in state and local expenditures, $1 billion in new plant and equipment, $3 billion in consumer spending. "Despite the crippling of one of the nation's chief industries," said the First National City Bank of New York in its monthly business letter, "the economy has been strong and vigorous...
...thought there was a run on the bank." All over the U.S., investors pulled their money out of their institutionalized socks to buy the four-year, ten-month issue, which finance officials have gleefully dubbed the "magic fives."* The New York Federal Reserve Bank reported that savings deposits in local commercial banks fell by $45 million following the Treasury's announcement-an unusually large one-week decline...