Word: money
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Dates: during 1950-1959
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Meanwhile, the cost of consumer loans was sharply rising. In New York, First National City Bank posted a new schedule of charges keyed to the rising cost of money. A representative change: the buyer of a car hereafter will pay the equivalent of 7.8% interest for a bank loan instead...
...States in my time." Thus President Eisenhower last week criticized Congress for its failure to raise the 4¼% ceiling on long-term Government bond rates (TIME, Sept. 21). Raising the interest the Government pays on such bonds, argued Congressmen, would only be an open invitation to all other money rates to go up, would cost the Government more to finance its debt. Last week interest rates were going up anyway without an invitation, and the Government was paying close to-or more than-4¼% on its new securities...
...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, it easily jumped over the new 4% discount rate...
Tues., Sept. 29 The Many Loves of Doby Gillis (CBS, 8:30-9 p.m.). Max Shulman's hot-shot teen-ager is right up with the times. He even has a beatnik pal. But anybody who loves money, cars and girls cannot be all bad. The Caper at the Bijou gives the new series a fresh start...
...which the makers of Golden Demon made was in the title, which suggests violence and Oriental supernaturalism like that in Ugestu and Gate of Hell. Lest anyone be driven away by visions of gibbering 16th century warriors and otherworldly music, it should be explained that the "golden demon" is money and the film is about love and pride in Japan of the 1890's. It contains the striking color photography of Michio Takahashi, with its scrupulous attention to mood and detail, a high level of emotional excitement sustained throughout an uncomplicated plot, and fine acting by the two principals...