Word: marketeer
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Dates: during 1950-1959
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...record majority from 3,000 miles away in Normandy-where he was a lieutenant colonel in Les Fusiliers Mont-Royal. He made his reputation as the super-efficient minister of social welfare and youth. He is a natty bon vivant who made a million on the stock market...
Congress' refusal to raise the ceiling on the long-term end of the Government bond market has forced the Treasury to do all its financing in the inflationary short end. Between now and Jan. 1, the Treasury has to refinance almost $12 billion in old debt and borrow $7 billion in new cash. So much money borrowed in the short end has created a strong pressure to shove all interest rates higher. The process is already operating. Last week, as the 91-day bill rate went up to nearly 4.2% from 3.979% on the sale a week before...
...Grey Market. Across the nation last week as manufacturers scrambled for steel, there was a growing grey market, with prices of some steels up to $250 a ton, almost double the list price. Layoffs caused by lack of steel continued to mount. General Electric Co. began laying off 1,400 workers in its heavy appliance manufacturing center at Louisville, said it will have to close down its entire operation employing 11,000 unless the steel strike ends within three weeks. Allis-Chalmers Manufacturing Co. last week laid off 521 workers at two Midwestern plants, will drop 1,200 more...
FORD STOCK SALE has been postponed by Ford Foundation, which planned to market 2,000,000 shares worth $160 million at current market prices. Final decision by foundation, which owns 34,132,239 shares, or 62.2% of all Ford stock, will not come until at least November...
Have you not heard of that madman who lit a lantern in the bright morning hours, ran to the market place, and cried incessantly, "I seek God! I seek God!" As many of those who do not believe in God were standing around just then, he provoked much laughter. Why, did he get lost? said one. Did he lose his way like a child? said another. Or is he hiding? Is he afraid us?...Thus they yelled and laughed. Then the madman jumped into their midst and pierced them with his glances...