Word: pledgees
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Dates: during 1950-1959
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With equal frankness but no laughter, the President reviewed and approved the Federal Reserve Board's action raising discount rates to member banks ¼% in ten districts and ½% in two, despite opposition from his own economic advisers. "The Federal Reserve Board is set up as a separate agency...
Led by Syria, Israel's northern and eastern neighbors insisted on qualifying their armistice pledge: if Israel carries out its oft-announced intention of diverting Jordan River waters to irrigate its coastal plain, they will go to war. In talking the three Arab states into joining in a flat...
Somewhere behind this nightmare phantasmagoria of publicity and exploitation, however, two human beings were approaching a solemn moment in which each planned to pledge his life to the other. In the maelstrom of confused protocol and embattled public relations, the strain of that moment was beginning to show on each...
He began by getting the Egyptian and Israeli Premiers to agree to honor the 1949 armistice clause prohibiting any "warlike acts" against each other. Flying into Cairo just as Dictator Gamal Abdel Nasser launched reprisals against Israel for the bloody cannonade at Gaza (TIME, April 16), he achieved a stoppage...
An arm's length away from Gruenther stood Premier Mollet, solemn in black Homburg. When it came his turn to speak, he seized the occasion to pledge anew his government's dedication to the NATO alliance. "I need not repeat to you," he said, "that France will re...