Word: moneymen
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...billion is needed, in spite of the prospective balance of the budget, to pay the Treasury's bills 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...
...During its 30 years on radio and television, Voice of Firestone won just about every merit award but the one that counts with network moneymen: a high rating. Notified by ABC that prime Monday-night time would no longer be available next season, and with no adequate substitute time on CBS or NBC, Voice will almost surely die in June. Even a last-minute offer last week by Los Angeles' KTTV to tape the show and sell it to independent stations was regretfully turned down. Having put on a high-quality musical show for so long, and having...
...Begging Bowls. As an administrator, Khalil is among Africa's best. His budgets are balanced, and any surplus has been applied to development projects. Visiting Western moneymen have been impressed by Khalil's insistence on a pay-as-you-go approach to loans, his refusal to ask for more aid than the nation can repay. "The Sudanese," said one admiring U.S. official, "are not holding out any begging bowls...
...Easier moneymen argued that the economy needed a lift. Unemployment was still rising (see NATIONAL AFFAIRS), notably in Detroit. Auto sales were sliding, and Detroit last week rolled out 18% fewer cars than in the same week of 1957 (but 57% higher than the previous week in 1958). Automakers slashed first-quarter production schedules by 13% from the total projected a few weeks ago. In the slowdown more than 9% of Detroit's work force was idle. General Motors has laid off about 6,000; Chrysler last week passed out 4,000 pink slips and more were coming...
...economists say there are hints that prices may be tapering off after their long upward climb, particularly in copper and scrap steel (see below). While FRB's cautious moneymen are not yet sure whether the ease is temporary, they are fully alert to the possibility that the worst may be over...