Word: moneymen
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...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...
Building a team as good as the Truckers in one season meant competing for talent with the five other fine N.I.B.L. teams* and bargaining against the moneymen of pro basketball as well. Kolowich hired former Notre Dame Footballer Jerry Groom to beat the drum and brought aggressive Johnny Dee from the University of Alabama to coach. Backed by the generous assets of DC Trucking's multimillion-dollar business, Groom and Dee peddled some convincing arguments in the fleshpots of college basketball...
...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...
Squarely in the center of the argument over the nation's money supply is 49-year-old William McChesney Martin Jr., $20,-500-a-year chairman of the Federal Reserve Board of Governors, known to bankers and other moneymen simply as the "Fed." It is Chairman Martin who, with his six-man board and twelve Federal Reserve Bank presidents, has the overall responsibility for regulating the nation's flow of money and credit, the lifeblood of an expanding modern economy...
...last week, offering cut-rate rubles, big-brotherly advice and back-scratching barter deals. Czech engineers mapped roads in the mountainous north. East German technicians scouted sites for India's first raw film factory. In central Bhilai, Russian specialists supervised construction of a steel mill for which Russian moneymen had advanced some $100 million at 2½%, about half the interest rate proposed by Western lenders...