Word: ratings
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Dates: during 1950-1959
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...former Teaching Fellow at the University of Massachusetts, I wish to commend you for your Aug. 31 article showing the outstanding achievements of President Mather in developing the university into a first-rate educational institution. It is unfortunate that Senator Powers and his colleagues have seen fit to place personal ambitions ahead of the progress of the university and the commonwealth...
...after months of dead-against opposition, the federal excise tax on motor fuels by 1? (Ike asked for 1½?) to finance the fund-short, 41,000-mile highway program. Result: the gas tax goes to 4? Oct 1. ¶Rejected again the Administration demand for abolition of interest-rate limits on Government bonds, thus left Treasury unable to manage the $290 billion public debt effectively in today's high, changing money market (see BUSINESS). In a minor concession, a House-Senate conference boosted the 3.26% ceiling on popular E and H savings bonds to 4.25%, thus permitting Treasury...
Legendary Lancelot. There are other characters-Augustus Pitou, the "King of the One-Night Stands," for whom Office Boy Hart wrote his first play at the rate of one act a night; legendary, spiteful Producer Jed Harris, who received Hart while standing stark naked in his hotel suite. But the greatest of all is probably Playwright George S. Kaufman, legendary Lancelot of the Algonquin Round Table. When Kaufman agreed to collaborate with the unknown young Hart on Once in a Lifetime, there started a gentle comedy of errors almost as funny as the play itself. If Kaufman hated anything...
...buying either, thus have not been the bullish force they usually are. Brokers do not think that much of the bad news on the domestic side is cause for great concern. For two weeks, the market's anticipation of a rise in the Federal Reserve's discount rate added to the decline. But at week's end, after the rise came, the market rebounded. As soon as the steel strike is settled, brokers expect the market to seek new highs in a sustained rally...
Tightening money last week sent the Federal Reserve discount rate to 4%-the highest level in 24 years. It was the fifth such increase since the Fed set the discount rate at 1¼% in the 1957-58 recession as an aid to recovery. In abandoning the 3½% level that had held since last spring, the Fed's purpose was to narrow the abnormal gap between the cost of Fed money to member banks and the rate at which the banks could lend money to their customers. After commercial banks upped the rate to their best customers from...