Word: recent
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Dates: during 1950-1959
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...cases enthusiastic applause. In Britain the liberal Manchester Guardian called Ike's proposals "a hopeful development." Italy's non-Communist papers hailed them as "noble and generous," smugly hinted that the President had got many of his ideas from Italian Premier Amintore Fanfani during Fanfani's recent visit to Washington. In Norway a government spokesman thought the U.S. program might prove "as beneficial as the Marshall Plan...
...July, Vo vanished from his pressroom corner; newsmen remembered that he had talked of going on an "indefinite" hunger strike. He did. Last week, his weight down to 90 Ibs., staying alive only with occasional pinches of salt, bowls of rice broth and fruit juice, Vo totted up his recent appeals to world figures, including U.N. Secretary-General Dag Hammarskjold, Nikita Khrushchev, President Eisenhower, Vietnamese Communist Boss Ho Chi Minh...
Taking up the threat of oncoming inflation, the Federal Reserve review speculated that further price rises might be held down by the large inventories still on hand. Recent price rises in steel and other raw materials, said the report, were encouraged by the Mideast crisis, and might prove to be transitory. In one case they had already proved so; custom smelters of copper, who fortnight ago raised their prices ½? to 27? a lb., last week cut their prices back to 26½?. But steel showed no sign of retreat, as steel price hikes spread to 65% of the industry...
Although corporate bonds were holding up much better than Governments (see chart), the sharp decline in U.S. bonds was pushing up the cost of money for Sears and other prospective private borrowers. As the price of Government bonds fell, their yields rose sharply. Last week a recent issue of long-term Government bonds paying a coupon rate of 3¼% was actually yielding more than 3⅝%. A recent issue of relatively short-term bonds with a 2⅝% coupon was yielding...
...concerned about all this is Treasury Secretary Robert Bernerd Anderson. He must raise up to $12 billion in new financing this year to cover expected budget deficits, and also has to refinance $46 billion in maturing securities. This formidable financing chore comes at a time when yields on recent U.S. bonds are sharply rising. If Anderson raises the coupon rate on forthcoming issues to match the competition from older bonds, he will tend to raise all interest rates. Such a course might well nip the general business recovery. At the same time, unless Anderson takes this chance, he can hardly...