Word: markets
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Dates: during 1950-1959
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President Sukarno apparently believes that a government that prints money can also take it away. Last week, faced by skyrocketing inflation that had already run the dollar value of the rupiah to 155 on the black market (against the official rate of 11.4 rupiahs to the dollar), Sukarno demanded action from his Finance Ministry...
...reaches its fullest flower among the political writers and columnists. Many of them buy blocks of space from their publishers, reap tidy subsidiary fortunes by reselling it-at higher rates-to anyone in the market for their wares, which can be either adulation or silence. Among the buyers are minor government officials, politicians and industrialists. The national railroads are steady customers, happy to pay for the privilege of keeping minor train wrecks out of the news; press faultfinding with Pemex rose sharply after the state-owned oil company dropped its annual reporters' subsidy of 9,000,000 pesos...
Congress' refusal to act on the Administration's debt-management program last week continued to disrupt the market for Government and corporate securities. Even as President Eisenhower drafted a special message urging Congress to lift the 4¼% interest-rate ceiling on long-term Government bonds, the Treasury announced that it had to pay 3.824% interest on short-term (91-day) bills, the highest since the bank holiday of March...
Unless Congress acts, the troubles of the Treasury and the money market will worsen in October and November. Then, to raise about $7 billion to finance the seasonal deficit and another $8.9 billion to meet debt coming due, the Treasury will have to go to market with more short-term issues...
...Maas and the lower Rhine, starting Sunday, Sept. 17, 1944. In the biggest airborne attack of all time, Field Marshal Sir Bernard Montgomery had high hopes of hurdling the river barriers to outflank the Siegfried Line and thus end the war in Europe by a single-front thrust. Operation Market Garden failed. Though the U.S. 82nd and 101st Airborne Divisions won their objectives, the British ist Airborne met disaster, was chopped to ribbons by two German Panzer divisions in one of the European Theater's sharpest setbacks along the road to victory...