Word: money
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Dates: during 1950-1959
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...this was really big. But the school board didn't duck it." One bond referendum was defeated; but just before the next one in 1957 President Eisenhower spoke twice on television in a post-Sputnik appeal for more science education. That did it. St. Charles kicked in the money. Says Schaerer: "Never has a school district had a more talented and renowned speaker supporting...
...could sing a note. On the other hand, Oster has found that many a performer can be coaxed to song with a little priming. In French and Cajun settlements, he tries to build his listeners' confidence by singing a few songs himself or posing some leading question about money and drink, life or death. He gets surprising answers...
...Treasury Department, which has had trouble raising the cash it needs, last week found a way to tap some new money. It issued $2 billion in four-year, ten-month notes at an interest rate of 5%, the highest since the tight-money days of 1929. The rate was so attractive that an avalanche of subscriptions poured in from small investors. Said New York's Manufacturers Trust: "It was fantastic. Everyone in the Government bond department was too busy to even go out for lunch." To help lure in individuals, the Treasury guaranteed that subscriptions...
...year) market because of Congress' stubborn refusal in the last session to remove the 4¼% ceiling on long-term (over five years) bonds. Since June, the Government has financed nearly $16 billion in the short-term market, ballooned interest rates, dried up much of the normally available money supply. The rush for the new issue proved that Treasury Secretary Robert Anderson was on the right track when he asked for removal of the ceiling so that he could price bonds higher to lure in new purchasers...
...until tax collections pick up early next year. The Department also expects to raise another $2 billion or $3 billion before January, but does not know at what rate. Some moneymen think that the end of the steel strike will see a big demand and further squeeze on the money market; others argue that the impact of the post-strike demand has already been discounted. In any case the new bonds show that, given favorable interest rates, there is still plenty of money around...