Word: pints
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Dates: during 1960-1969
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Worried savings and loan men insist that pint-size C.D.s steal their customers, and the Administration seems to agree. Treasury Secretary Henry Fowler wants Congress to empower federal bank regulators to roll back the maximum interest to 5% on C.D.s of less than $10,000. House Banking Committee Chairman Wright Patman wants to outlaw all C.D.s on the ground that they have become "financial monsters." Congress will probably give the Johnson Administration about what Fowler asked. Whether it will act fast enough to protect savings and loan associations from heavy savings losses after their semiannual dividend payments next month...
...Herodotus in 450 B.C. described the wonders of the Nile, where the natives worshiped crocodiles and shaved off their eyebrows when their cats died. Mark Twain, who made the Grand Tour a century ago, wrote delightedly of the cheapness of Moroccan currency ("I bought nearly half a pint of their money for a shilling"). The package tour, credit cards and 21-day-excursion jet fares have made the wonders of the Nile less wondrous and even Moroccan currency a lot less cheap...
...forms that it takes for each ship to enter and clear a U.S. port, some written in language that goes back unchanged to 1799. One of these commits every vessel to include in the crew's mess each Sunday "¾ ounce of coffee (green berry), ½ pint of molasses, four ounces of onions and one ounce of lard...
...programs and a chronic lack of capital, both nationalized and private industry have been loath to expand into new product lines or even to modernize plants rebuilt after World War II with $1 billion of Marshall Plan aid. On top of that, much of private industry is fragmented into pint-sized firms-25% employ no more than 20 persons. Predictably, they turn out goods in small volume at comparatively high prices...
...AGRICULTURAL PRICES: To let farm produce move duty-free inside the EEC, the Six must first agree on common prices. The old trouble is that French farmers produce food cheaply, while West German farmers, handicapped by a colder climate and pint-sized landholdings, produce inefficiently and expensively. The French-and in this specific case they are on the side of the angels-have long insisted on a low common price. The Germans, for internal political reasons, argue for a higher price reflecting their higher costs and lavish support of German farmers. Still, the ministers have set an optimistic July...