Word: ratings
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Dates: during 1950-1959
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Cinemactress Maria (The Brothers Karamazov) Schell, arriving in Manhattan to promote her new movie, exuded a heady mixture of fluff and philosophy. A first-rate actress on screen and off, Maria, 32. parried most of the newsmen's thrusts with ease, sooner or later got her listeners into her own frame of reference. Her greatest vice at the moment, by her own confession: "Intensity." The cure she seeks: "Harmony. I want to find peace within myself and the world in which I live. I want to grow, not by design, but as the flower grows. Peace is art. Peace...
Total costs have rocketed to an estimated $2 billion for the next fiscal year. To raise even one-fifth of this whopping bill (four-fifths will still come from taxes), the Chancellor set these new weekly rates: for employed men, 7? more, for a total of 26?; employed women, 5?more, total 19?; employed juveniles (under 18), 2? more, total 12?. In addition, employers' fees will go up from 4? per worker to 6?. For children not yet employed, the rate goes up 2? to a total...
...areas. This freed $500 million from reserves, and since each such dollar can generate up to $6 in loans, it could add close to $3 billion to the credit supply. The move should give business a bigger lift than the Fed's two recent cuts in the discount rate, which actually created no new credit...
Bankers have long clamored for the cut in reserves (TIME, Jan. 20) as the logical follow-through to the discount-rate reductions. But last week they grumbled that the cut was not big enough. Said President George Champion of the Chase Manhattan Bank, second biggest in the U.S.: "This is only a token adjustment and not as much as will be needed. The time is ripe to loosen up much more on reserve requirements...
Texas independent oil producers, hard-hit by the growing U.S. oil surplus, took stern measures to end their troubles. At their request, the Texas Railroad Commission last week cut back the state's crude production for March from an eleven-day-per-month operating rate to nine days-the lowest rate ever set by the 28-year-old commission. The flow of oil from Texas' 182,000 wells will be cut by 513,814 barrels daily...