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Even within its present powers, the Reserve Board could raise member bank reserve requirements and restrict consumer credit further. It needs new authority from Congress to require banks to hold additional reserves, possibly in government bonds. It could do much more if it chose a course of bold action, which might not stop short of parting ways from the Treasury; it could then sop up purchasing power by selling bonds in the open market...

Author: NO WRITER ATTRIBUTED | Title: Money for Sale: I | 3/14/1951 | See Source »

...reflection in a sense on the judgment of future generations, the amendment will not restrict Harry Truman's right to run for a third term (although it might conceivably give the President pause). But beginning with Mr. Truman's successor, it will allow no man to sit in the White House for more than two full terms, or, if he happens to come in through the vice-presidency for a partial term, for more than ten years-not even if the majority of the U.S. wants him there. The nation could, of course, repeal the amendment...

Author: /time Magazine | Title: POLITICAL NOTES: The 22nd Amendment | 3/5/1951 | See Source »

Neither by Wig-Wag nor Smoke. John L. Lewis, who loves nothing so much as an uproar, composed his face in a lugubrious cast. "All American workers," he said piously, are entitled to as big a raise as he had got for his miners. "To restrict American labor to a miserable 10% increase ... is an unwise, arbitrary action ... destructive . . . disrupting to the productive economy...

Author: /time Magazine | Title: MOBILIZATION: Manifesto | 2/26/1951 | See Source »

...answer to this problem, and the one which the University has projected for the 1952 season, is to play only teams in our own league. This does not mean the Ivy League, nor does it restrict us to local colleges. It is a league of standards, one that includes many of Harvard's traditional rivals, and could take in as many colleges as we wanted to play in other regions...

Author: NO WRITER ATTRIBUTED | Title: Harvard Football | 2/23/1951 | See Source »

Most Latin American cities restrict their prostitutes to segregated zones, small and well-policed. But from the sea-swept Malecón to the heights of Vibora, Havana's prostitutes are scattered in a dozen different districts. Counting crib occupants, streetwalkers, bar workers, nightclub pickups and the girls in well-appointed houses, their number has been estimated at around...

Author: /time Magazine | Title: CUBA: Qualified Cleanup | 1/22/1951 | See Source »

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