Word: lowerings
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Dates: during 1940-1949
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...Federal Reserve System also moved toward deflation when nine of its twelve district banks raised their rediscount rates (i.e., the rates which member banks pay on loans from the Reserve Banks) from 1¼% to 1½%. Their strategy was the same: to raise the cost and thereby lower the amount of borrowing...
...modistes, having no urge toward martyrdom, prudently removed all bare midriff garments from their display windows. "I have two-piece suits for anybody who asks for them," said matronly Teresa Spizzichino. "They're made so as to hold any bosom tightly and cover both navel and-er-lower hind parts." Just the same, she admitted, the one-piece variety might be better. "Eventually the ladies will take to them, not because they like them better, but simply because no woman wants to run unnecessary risks. Getting into trouble with the police may have very unpleasant consequences, since most...
...Resort Owner Jack Fowler, son of the original owner and a brother of Novelist Gene Fowler, was horrified. He refused vehemently. The professor kept pleading. This year Fowler gave in, strung a new and shorter wire (320 ft. long and 125 ft. high) lower in the canyon...
...point, with the Red Sox in the lower division, the rumor got around that Joe had resigned. Reporters found him in his hotel room, naked except for a towel around his middle, drinking a bottle of beer. McCarthy, who had spent a year and a half in exile after leaving the Yankees, said: "I didn't come back into baseball to quit after two months...
...number of staff-written articles. Gone, with ex-Editor Henry Wallace, was the dream of a big, expensive-looking magazine for 330, 000. Circulation, which reached a high of 96,411 last January when Wallace announced his presidential candidacy, was down to 80,000 and would probably slide lower. The circulation campaign that helped bring in new readers has been dropped; it cost too much. Said Publisher Daniel Mebane: "We've been having a spring and summer slump which is somehow more than normal...