Word: short
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Dates: during 1950-1959
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...Arnold Gingrich, 54, founding editor and present publisher. Gingrich was just 29 in 1933 when he put together the first issue of the magazine with a pair of Chicago men's-wear trade publishers named David A. Smart and William H. Weintraub. For $200 a throw, he got short stories and articles from such Depression-struck authors as F. Scott Fitzgerald, e. e. cummings, John Dos Passes, Ezra Pound and Dashiell Hammett (one exception: Ernest Hemingway, who got $1,000 for The Snows of Kilimanjaro), served up the cheesecake of Artist George Petty as dessert. Despite the 50? price...
...first big sale of securities since early August, the Treasury last week showed how fast interest rates are climbing. It offered $1 billion in 13-month notes paying 3½%, v. 1½% for short-term securities sold in August, and $2.5 billion in special 219-day bills priced to yield 3¼%. Only three months ago Treasury Secretary Robert Anderson sold 27-year bonds, which usually sell at a far higher rate than short-term securities, at only...
What was worse than the high cost of the Treasury's latest borrowing was the fact that Secretary Anderson did not issue any bonds. He thought the market was too shaky to sell them at a reasonable price. By selling only short-term securities, he is bound to ease credit at a time when the Federal Reserve Board is trying to tighten it. Normally, most of the short-term securities sold by the Treasury are bought by commercial banks that, in turn, can use them as collateral to borrow from the Federal Reserve to make additional loans, thus increase...
...relieve the "genuine distress" of the lead and zinc industry. President Eisenhower announced the expected quotas that will cut imports of the two metals 33% from their current levels. Set at 80% of the 1953-57 average, the quotas will allow imports of 354,720 short tons of lead, v. a five-year average of 481,638 tons, and 520,960 short tons of zinc, v. a five-year average-of 651,200 tons...
...there is, after all, the wife of the "ugly American," a lady readers will enjoy meeting. Looking over the situation in Sarkhan, she decides that the people's backs are bent because they use short brooms. Hustling into action, she discovers a 5-ft. reed instead of a 2-ft. reed to be used for broom handles, a technological revolution for which the villagers reward her with a small shrine bearing the inscription. "In memory of the woman who unbent the backs of our people...