Word: supportive
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Dates: during 1940-1949
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...committee puts in a welcome word for the commuter who consults his own physician regularly, and asks that he should not be required to contribute $15 a term to support a Hygiene Department that he never uses. The intricacies of University accounting cannot guarantee that the $100,000 is a concrete balance, but even the committee's figures, which ignore this profit, support the notion that such an amnesty for commuters would not push the department into...
Details are not yet available on this project. Somebody still has to figure how to pull students out of DP camps, how to get them across the ocean, how to support them in this country. But the State Department has told an NSA official that it likes the idea, and if NSA can now interest colleges in a feasible project, the DP plan may somehow, someday succeed...
...living across the Atlantic. The displaced person, booted about Europe for the past 15 years, can tell Americans much of the new loves and new hates of the 1948 continental. Peace depends in part on enlightened leadership in Europe, and United States universities can help displaced persons to support such leadership. But peace also depends on an America which has evolved beyond the dark ages of its own aloofness. Here is where the visiting DP could pay us back...
...Christmas Eve in 1947, the U.S. Treasury gave a present to U.S. bankers: it would continue to support the price of long-term Government bonds above par by having the Federal Reserve banks buy bonds back at the "pegged" price if there were no other buyers. With this arrangement, the Government hoped to make it easier to sell "Treasuries." Furthermore, this deal would keep down interest rates, in line with its "cheap money" policy on long-term bonds, and it would stabilize the bond market. For a while the plan worked -but only for a while...
...Real Culprits. The case for support was made before the American Bankers Association last week in Detroit by its former president, Frank C. Rathje, of Chicago's Mutual National Bank. Dropping the peg, he said, might well "provoke a storm." The real inflationary culprits, charged Rathje, were not the banks, but the non-bank lending agencies, primarily the insurance companies...