Word: localism
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Dates: during 1950-1959
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...City Council yesterday put off a scheduled conference on the reported plan to put a $50 million apartment house development on the MTA yards, because the plan's local proponent is touring the St. Lawrence Seaway...
...tireless Fund Raiser Spellman has chalked up $41,322,074 through his annual fund appeal for Catholic Charities. Born in Whitman, Mass., moonfaced, articulate Frank Spellman ran errands for his father's grocery, played sandlot baseball, boxed in a village barn, became an altar boy at the local church. After graduating from Fordham University ('11), he studied for the priesthood at Rome's North American College. He served in the Boston archdiocese before the Vatican summoned him in 1925. As first U.S.-born staff member of the State Secretariate, Spellman translated and delivered in English the first...
Furthermore., the state-and local-government market for Government bonds is drying up. Once, most states specified that a large portion of their pension funds had to be invested in federal bonds. Today many permit them to be invested in higher-yielding corporate bonds. An even bigger Government market used to be insurance companies, mutual-savings banks, savings-and-loan associations and corporate pension funds. From 1952 through 1958, these institutions trimmed their federal-bond holdings from $23.9 billion to $20.6 billion, bypassed the Treasury entirely in putting more than $90 billion in non-Government investments...
...worked behind the scenes, President Eisenhower appeared at the meeting to make a plea for his foreign-aid program. Part of that program, said Ike, is "a freer flow of world trade. We must do this without prejudice to our national security and without inflicting undue hardship on our local producers. Especially among the less-developed countries we must use every available means to assure that these people not only add to the free world's strength, but eventually become valued participants as both sellers and buyers in the markets of world trade...
...Dean is superb in his portrayal of a teenager with more energy than direction, forced by his family to move from town to town to escape his past. He makes every attempt to adjust to his new environment, but there is an insurmountable obstacle in the form of the local ruling class, a group of unsavory types who just can't wait to become mature, full-grown gangsters and begin practicing the arts early...