Word: make
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Dates: during 1950-1959
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Surprised at the uproar, South Dakota's Republican Senator Karl Mundt, an old schoolteacher himself, said he wrote in the oaths provision because "it would be the height of absurdity to make funds available to Communists or saboteurs under the heading of national defense." He conceded that Communists would not hesitate to take the oath, said that if they did so, at least they would be guilty of breach of contract. In Congress the oaths are gathering enemies. Three bills to repeal them were introduced in the House. And in the Senate, Massachusetts' John Kennedy, who co-sponsored...
...maturing issues, bearing 1⅞% and 2½% interest rates, to trade them in for new Government securities paying 3¾% and 4%. Instead, owners of more than 20% of the old issues demanded to be paid off in cash, the biggest such demand in six months. To help make up the difference, the Treasury must go to the public this week with a $1.5 billion emergency issue...
...worse. The Treasury is approaching the maximum interest rate of 4¼% set by Congress back in 1918. Before Secretary Anderson can pay more, he will have to ask Congress to raise the rate. Then the choice will be up to Congress either to raise the rate-and make money more expensive for everyone-or to cut spending...
...massive Government help or the resources of private industry? A.F.L.-C.I.O. Economist Stanley Ruttenberg would like the Government to do much more of the job. He wants a loosening of credit, a big (and probably unbalanced) budget, with huge federal school, housing and other programs to make full employment. What about inflation? No problem, say the spenders. But what may be a problem is borrowing funds to finance the spending (see State of Business...
...that its only woes are with the trustbusters. All the competitors gave up because P-B outsold and outserviced them. Last month P-B signed a consent decree promising to create competition by sharing with all comers its current and future patents, and instructing them how to make, repair and service the postage meters. Wheeler accepted the decree with grace: "We believe in the antitrust legislation and what it has done for the country. We hope other companies do come in. We don't think competition will hurt...