Word: rateness
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Dates: during 1950-1959
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...proposals for revising the tax laws on cooperatives, depletion allowances and overseas investments, had to put them aside until next year. It took the committee months of floundering to settle on a measure to finance highway construction. Faced with President Eisenhower's request for removal of interest-rate ceilings on long-term Treasury bonds. Mills proposed three different solutions. failed to muster adequate support for any of them, wearily gave up fortnight ago and postponed any further action on the President's request for the rest of the session...
President Sukarno apparently believes that a government that prints money can also take it away. Last week, faced by skyrocketing inflation that had already run the dollar value of the rupiah to 155 on the black market (against the official rate of 11.4 rupiahs to the dollar), Sukarno demanded action from his Finance Ministry...
...were not changed); 90% of every bank deposit over 25,000 rupiahs was frozen, so that the money could be seized for obligatory long-term loans to the government, and banks were closed for two days to straighten out their accounts and report to the government. A new exchange rate of 45 rupiahs to the dollar was proclaimed. All this was done to the accompaniment of denunciations by Sukarno of "vulture capitalists." Added he: "Whoever scoops up wealth at the expense of the public, whoever disrupts the public economy, will be arrested, will be taken to court, will be punished...
CAPTAIN KANGAROO-"A first-rate show ... for all those who are not exiles from the world of childhood...
...approached, the U.S. was in a spending mood. The freest with their funds were those who pinched pennies most tightly only a few months ago: U.S. industries. Last week Washington economists reported a fresh surge in expenditures for new plant and equipment. Capital investment has climbed from an annual rate of $30.6 billion in the first quarter to $32.3 billion in the second to a brisk $33.4 billion, may well hit $35 billion in the fourth quarter-if a prolonged steel strike does not sabotage the economists' projections...