Word: present
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Dates: during 1940-1949
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...religion to drink alcohol. Last week the West Punjab provincial government decreed complete prohibition for all Moslems. Non-Moslems can be exempted by applying for a special drinking permit costing 5 rupees a year. A loophole in the law makes the drinking permits available to those Moslems who can present doctors' certificates saying that they are "alcohol addicts...
President José Luis Bustamante, harassed by recurring political crises, promptly suspended all civil rights. The revolt, he declared, had been the work of his onetime friends and present enemies, the militantly leftist (but anti-Marxist) Apristas, whom he had already blamed for last fortnight's rash of strikes, and much of the country's political unrest...
Chairman Coy had some soothing words for set owners. Whatever comes out of the conferences "will not affect present receivers at all." As for new buyers, if the prospective customer "is a fellow who always thinks there'll be a new model automobile coming up, I'd advise him not to buy. If he just wants to enjoy television, I'd say to go ahead...
...Christmas Eve in 1947, the U.S. Treasury gave a present to U.S. bankers: it would continue to support the price of long-term Government bonds above par by having the Federal Reserve banks buy bonds back at the "pegged" price if there were no other buyers. With this arrangement, the Government hoped to make it easier to sell "Treasuries." Furthermore, this deal would keep down interest rates, in line with its "cheap money" policy on long-term bonds, and it would stabilize the bond market. For a while the plan worked -but only for a while...
Before the American Bankers Association in Detroit last week, Westinghouse Electric's President Gwilym A. Price painted a brave picture of the new world ahead of U.S. industry, "an economy whose horizons will be almost as far beyond those of the present as today's are beyond those of our boyhood...