Word: peg
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Dates: during 1950-1959
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...World War II, the FRB also had to peg bond prices to enable the Treasury to float the tremendous additional debt ($226,500,000,000) to finance the war. The issues were so huge that only banks, rather than individuals, could absorb most of them. This "monetized" the debt, for banks did not pay for the bonds outright. They simply created a deposit for the Government to draw checks against it. Receivers of these checks deposited them in their own bank accounts. From these increased deposits, the banks could lend about $5 for each $1 received. Thus credit, and inflation...
Ethel & Albert (Sat. 7:30 p.m., NBC). A radio veteran becomes a regular TV series, starring Peg Lynch. Alan Bunce...
...form a new coalition, Yoshida may have to welcome back some of the errant Hatoyamaites or make a deal with the rightist Progressive Party of peg-legged Mamoru Shigemitsu. Yoshida will need all the cooperation he can get from the right, because the left is getting stronger at every election. This week 138 Socialists and one Communist were elected. A year ago there were only 46 Socialists in the Lower Chamber...
...provision of the agrarian law which bars court appeals from land-reform decisions. The last four supreme-court justices who ruled in favor of a landholder were thrown out and replaced by stooges of the Red-tinged government; thus the company appeal seems doomed. United Fruit may then peg its hopes on a statement of principle enunciated by Cordell Hull after Mexico expropriated U.S. oil companies in 1938. Secretary of State Hull conceded that a government had the right to expropriate property, but insisted that compensation must be "adequate, effective and prompt."* By depositing bonds of doubtful worth to United...
...went on the inactive list, packed up her civilian clothes (a good part bought at Peg Newton's, a New York shop which specializes in dressing tall women), and went to England for a vacation. But she had hardly landed before the Marines asked her to come back to take charge of the Women's Reserve. She did. In 1948 the Women's Reserve was integrated into the Marine Corps. Judy was promoted to lieutenant colonel, and eventually put in command of the women's officer-training detachment at Quantico...