Word: sopping
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...fast enough to satisfy the demand for money. Other sources of investment funds are also falling behind, e.g., life insurance companies expect to increase their new assets by only $6 billion in 1956. As things stand, says New York University Economist Raymond Rodgers, rapidly expanding mortgage credit alone will sop up virtually all new savings accounts this year, plus two-thirds of all the new funds accumulated by life insurance companies...
...Hall. Combining in some measure the functions of a prince and a governor, with salaries ranging up to $120,000 a year, the title rajpramukh was bestowed by the republic on seven of the most powerful princes (along with allowances ranging upward to $1,000,000) as a sop to their pride. But even that comes to an end with the realignment of states. As a mere governor, poking along on his privy purse ($520,000) and an annual salary of $13,000, the maharaja would be able to throw no more parties like this. All through the elaborate...
Without disclosing the strength of China's armed forces, Defense Minister Marshal Peng Teh-huai announced that there were 2,700,000 fewer men under arms than in 1949. As a sop to the self-respect of the hitherto terrorized Chinese intellectuals, the leaders decreed that a party member, while obliged to carry out party decisions unconditionally, may now "reserve his opinion and submit it to a leading body if he disagrees." Surest indication of the regime's sense of achieved stability was the news that Red China is about to attempt a system of codified...
Socialist Premier Guy Mollet won four votes of confidence from the Chamber of Deputies last week, on proposals to increase old-age pensions and levy new taxes to pay for them. The measure was a sop to his Socialist supporters, who are restive at the strong measures Mollet is taking in Algeria. Mollet's right-wing opponents do not want to bring him down, because it suits them fine to have a Social ist taking the unpopular but necessary action in Algeria...
Vice President Dawes fought Coolidge on the matter of farm legislation. Dawes was a sop which the Republican Convention of 1924 threw to appease the farmers who, in 1924, were suffering much as they are today...