Word: payments
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Dates: during 1950-1959
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...more than twelve million marriages, 21 million babies in the last seven years. The money to build was also there; savings were at an alltime high and the Federal Government's easy credit permitted an ex-G.I. to buy a $10,000 house with no down payment and 25 years...
...seducing his daughters. He takes it into his garage as fondly as an Arab leading a prize mare into his tent. He woos it with Simoniz, Prestone, Ethyl and rich lubricants - and goes broke trading it in on something flashier an hour after he has made the last payment...
...towel. In a stock swap, he turned over 317,077 shares (58% control) to Akron's General Tire & Rubber Co. for the equivalent of $63,400, or 20? a share. (Crosley stock, traded on the Curb, promptly fell nearly a point to 1½.) In partial payment of his $3 million loan, Crosley will keep $1.5 million worth of plant real estate, which he will lease back to the rubber company; the balance of the loan will be paid off with stock in a reorganized Crosley Motors...
...Winners. But Korea upset the friendly game. Rearmament and worldwide inflation rocked the sterling area, sent French prices soaring, started a run on EPU's lending department. By last week, EPU's deficit with the dollar area was still a huge $3.7 billion. Equally alarming, the Payment Union itself was out of balance. Some IOUs (e.g., Belgian francs, Swedish kronor) proved "harder" than others, easier to convert into dollars. The richer nations grew richer, the poor got poorer. Richest of all were the Belgians and their trade partners, the Luxembourgers, who had piled up an unmanageable EPU surplus...
...zamindar imposed taxes at will-to pay for his daughter's wedding, his wife's funeral, his son's birth. If a peasant objected to levies as high as 80% or 90% on his crops, the zamindar could seize his land (or his daughter) in payment. The zamindars gradually became the landholders, the peasants mere sharecroppers. "The most creditable products of zamindari," wrote the London Economist, "have been Rabindranath Tagore, the poet, Liaquat Ali Khan, the Prime Minister, and the Maharaj Kumar of Vizianagram, the cricketer . . . The majority have been as vicious as Thackeray's Lord...