Word: payments
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Dates: during 1950-1959
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Lost Condiment. In London, forcibly detained in a restaurant for refusing to pay a $4.25 tab, James O'Brien won $14 for unlawful imprisonment after he explained that he withheld payment because no onions were served with his curry...
...Deutsche mark and sizable reserves, West Germany is pushing hard for an end to currency and trade barriers, has already taken big steps to make the mark fully convertible. Since last May Germans have been able to buy foreign securities in any country with which West Germany has a payment or trade agreement, are also allowed to maintain foreign currency bank accounts for the first time since 1931. Equally important, trade has been liberalized until today less than 6% of West Germany's imports and exports comes under restrictive, bilateral treaties; all the rest is bought and sold...
...Commando") Kelly, 36, who won the Medal of Honor after killing 40 Germans in one day on the Italian front, struck it rich on CBS's Strike It Rich. He won the show's $500 jackpot, then got $240.25 more plus an offer of the down payment on a house from sympathetic listeners. To top it all, President Eisenhower sent him a cheering message, recalling how "you rallied to the defense of your comrades," expressing pride "to see your neighbors rallying to your relief...
...reduced mortgage down payments by 2% (from 7%) on $9,000-and-under houses, cutting the maximum down payment...
...Rise. The big reason for Britain's slide was mounting competition from West Germany. While Britain's gold and dollar holdings dropped, West Germany's shot from $134 million to $360 million. So fast was West Germany forging ahead of her Western neighbors in exports and payment balances that ECE cautioned that "the increasing divergence between the balance of international transactions of Western Germany and of other countries does constitute a potential threat both to the future progress of trade liberalization in Western Europe and the continued expansion of the Western European economy...