Word: main
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Dates: during 1950-1959
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...program, scheduled to be signed into law this week, aims its main help at the mortgage market, where tight money pinched builders last year. The Federal National Mortgage Association (Fannie Mae) will get $1 billion to buy FHA and Veterans Administration-insured mortgages up to $13,500 each at par (100%) value. Previously, Fannie Mae bought mortgages from lenders at discounts of 2% or 3% from par and found the market slim. Now, by fixing the price of FHA and VA paper at par, Fannie Mae expects lenders to sell more mortgages to the Government, thus unlocking...
...countered by calling for a continuation of the present contract, which would provide a flat 6% yearly wage boost, no additional benefits and no profit-sharing. Automakers speculated that Reuther himself has little hope of winning a profit-sharing agreement, is only using it as leverage in the main fight for a hefty wage raise, despite all his "dead serious" talk of finding "a way by which wage earners can achieve their equity, their measure of social and economic justice." Reuther may even have trouble gaining much of a pay boost. With skidding sales, the industry can make a good...
Into the Vacuum. The main obstacle for MIDEC is a longstanding Arab suspicion of Western domination, which has wrecked most other Western attempts at private enterprise. Propagandists rail so effectively against U.S. aid that it is becoming almost a sin to accept it. U.S. Government economic-aid programs are frequently considered politically ineffective, and private Western capital is steadily leaving the Middle East, except for oil companies, whose returns are great enough to justify putting up with the problems. Even Middle Easterners with money to invest generally salt it away abroad, or put it in quick-profit, nonproductive ventures. Only...
Bikes & Business. MIDEC's main function, says Rykens, will be to bring together Arab businessmen with capital to invest and Western outfits with the necessary know-how who will be willing to accept a minority interest. Tentatively. Rykens has set a ceiling of 40% for Western financial participation. MIDEC will concentrate initially on small industrial enterprises such as paper mills, breweries, fertilizer, bicycle, textile and chemical plants. However much Arabs distrust the West, Rykens thinks they still respect Western technological ability enough to make the plan work...
...page monster to model prisoner is pitiable, but it would need genius-which his friends seem to claim for him, and which he seems not to have -to make the story tragic. Such men as Leopold lead a strange existence-condemned to life, but forbidden to live it. The main part of the book is concerned with details of prison existence-often, perhaps, most interesting to students of penology and the strength-through-pain principle behind it. There is the round of workshops, prison libraries, bouts in "solitary," a pet bird named Bum, a kindly chaplain...