Word: rates
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Dates: during 1940-1949
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...After all," the witness pleaded, "it is we little guys, we consumers, who ultimately pay all of the taxes. Lots of us small fellows are becoming more & more alarmed about the increasing rate at which our Federal Government is spending our money. We have heard that almost all who come before you do so with hat in hand and tin cup held out . . . We come to strengthen the hand of those of you in both houses of the Congress who are concerned with the mounting cost of Government...
More than a million are unemployed. Refugees at the rate of 30,000 a month stream in from Germany's Soviet zone and Eastern Europe; these people have no place to stay, for few houses are being built in West Germany, despite a desperate need. Most of West Germany's economic trouble is a shortage of investment capital...
Last month, Western officials cautiously started to let some money pour into West Germany's economic pool. The Bank Deutscher Länder relaxed credit restrictions by lowering the rediscount rate for its member banks. West Germany's economic boss, Dr. Ludwig Erhard, announced an 8½-billion-mark investment program for the coming fiscal year...
...over five years at a cost of ?200,000, contained some startling specific proposals which were probably less important than its broad analysis of population prospects. In its analysis, the report punches holes in two myths, one old, one new. The prewar myth was that Britain's birth rate would continue to decline, causing a drastic drop in Britain's population. The postwar myth was that Britain's tight balance of payments position required a drastic reduction of population by emigration ("With world supremacy gone, 40,000,000 people can't live on this little island...
...sell in dollar countries. In a few other countries, e.g., Belgium and Italy, British export trade is running into trouble for the same reasons, but, in general, the pound position as against other "soft" currencies has strengthened rather than weakened. In other words, if the British cut the official rate to, say, $3.50 in order to get in line with the dollar, other countries would devalue their currencies to get in line with the pound...