Word: moneymen
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Dates: during 1950-1959
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ADENAUER'S victory means continued West German prosperity to European moneymen. Since his reelection, Germany's blocked mark has risen 25% on Zurich's Bourse, is approaching a par with the Swiss franc, one of the hardest currencies in Europe...
Secretary of the Treasury Humphrey and the Federal Reserve Board had to move swiftly because, in an economy freed of direct controls, the burden of curbing inflation fell upon indirect fiscal controls, chiefly the restriction of credit. Though Eisenhower's moneymen have moved with seeming sureness, even they know that they are sailing, uncharted fiscal waters. For the first time, the U.S. is trying a great experiment: control of the ups and downs of a semi-war economy by fiscal and credit means alone...
Europe's moneymen, like its governments, have seldom been respecters of international frontiers. Some of the wealthiest shook hands across the Rhine last week in an $1 8 million deal that gave control of one of the Ruhr's biggest coal combines to France's biggest steelmaker...
...executive board of the United Steelworkers voted to boost the salary of President Philip Murray from $25,000 to $40,000 a year. If the Salary Stabilization Board in Washington approves the 60% increase, Murray will stand No. 4 in labor's list of big moneymen. The top three: George Harrison, of the Railway Clerks, $76,000 a year, John L. Lewis and James C. Petrillo, $50,000 each...
Finances were no problem. As George Brunk explained, "There are plenty of moneymen everywhere we've been who want to see our work go on." Preaching seven times a week, they give their audiences a combination of good hymn singing and long, satisfying sermons ("We do not preach sermonettes"). Said Preacher George, "We preach a fundamental brand of religion, but we aren't fundamentalists. We aren't modernists, either. You don't have to be one or the other...