Word: spendthrift
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Dates: during 1950-1959
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...breaking the promise. His first yearly budget had just emerged from Congress, at $254.6 million, the fattest in the nation's history and nearly 25% bigger than the last, spending-spree budget of President (1950-56) Manuel Odría, whom Candidate Prado had lambasted as a spendthrift. Old Soldier Odría was often accused of lavishing the taxpayers' soles on the armed forces just to keep the brass contented, but Old (67) Civilian Prado outdid him. Prado upped the army's share 10%, the air force's 75%, the navy...
According to a Tokyo columnist, Tanzan Ishibashi never learned to count money as a boy, and in early manhood was something of a spendthrift. Today, at 72, Ishibashi is one of Japan's foremost economists, but a reputation for unorthodoxy persists. Last week, becoming Japan's new Premier (TIME, Dec. 24), his first act was to attempt to discount widespread impressions that he: 1) favors an inflationary policy; 2) plans unlimited trade with Red China; 3) opposes U.S. policy on Japan...
...enthusiasm. Twelve rushes headlong into debates without really knowing what he is going to say; he may be so anxious to join a certain activity that he may knock things over on the way. Unlike Eleven, who tended to hoard his money, Twelve is sometimes such a spendthrift that he is often flat broke. As one mother put it, "He can't stand prosperity." He is far more concerned about his appearance but only up to a point. A girl might spend hours primping in front of a mirror, yet go off to a party with a dirty neck...
...Carrying the orange silks of Leslie Combs's Spendthrift Farms on St. Patrick's Day was much too much for Nashua, the great bay colt gunning for Florida's $112,900 Gulfstream Park Handicap and a purse that would push his total earnings past Citation's alltime record of $1,085,760. Brookmeade Stable's pace-setting Sailor had more than enough to hold off Mr. and Mrs. R. C. Markus' Mielleux in the stretch drive. Third: Alfred G. Vanderbilt's Find. Nashua, under top weight of 129 Ibs. was never in contention...
...shining exception to Europe's spendthrift ways is The Netherlands. While the thrifty Dutch enjoy their boom, they are keeping it well in check. Real wages moved up 20% over the last two years. As national production climbed (up 12% last year to $7 billion), Holland cut taxes twice to step up capital investments and increase production. Not only has Holland dropped import controls on more than 92% of its foreign trade, it has built up a dollar reserve of $1.3 billion. Despite the heavy burden of war indemnities and flood damage, Holland in six years chopped its national...