Word: terme
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Dates: during 1950-1959
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...taste rather than inaccuracy-highlighted a new congressional attitude toward Dwight Eisenhower. On strictly domestic issues-the budget, civil rights, etc.-the President has lost, or has forsworn, his political leverage despite his personal popularity on and off Capitol Hill. Congress' discovery: six months through his second term, he need no longer be feared, can often be ignored, occasionally flouted without fear of political reprisal...
When it came to the basics of the bill that Rayburn and Martin had pledged themselves to save-the provision for long-term economic aid and the Administration's request for $3.8 billion in foreign-aid funds-the House's Big Two, and the President, too, took a real pasting. The Senate had agreed to a three-year foreign-aid economic-development program, had authorized $2 billion to finance it. The rebellious House, unimpressed by a special presidential plea (snapped Iowa Republican H. R. Gross: "I took my last marching orders in 1916-19"), limited this key Administration...
...onetime political reporter for the Cincinnati Enquirer, Newsman Cox was overwhelmingly elected to Congress from Ohio's Third District in 1908 and 1910, fought hard for such causes as tariff reduction and antitrust laws, later became Ohio's only three-term governor. In the 1920 presidential campaign he promised ailing Woodrow Wilson: "We are going to be a million percent with you and your administration. That means the League of Nations." But in Warren Gamaliel Harding, able Orator Cox and his running mate, Franklin Delano Roosevelt (a young man he later came to differ with in political philosophy...
...such a spectacular rate over the last half-century that the American economy has assumed entirely new dimensions. "The U.S. has not merely climbed to a new plateau but is ascending heights whose upper limit is not yet measurable, and at an accelerated rate of speed. Our long-term trend is unmistakably upward...
While U.S. firms with high credit ratings can still make short-term loans at 4%, British businessmen must pay 51%. In Germany, Japan, France, Brazil and Greece, interest rates run anywhere from 7% to 12%. For smaller companies, the effective rate often is much higher, reaching 25% or more annually. Even at such rates, demand so far outstrips supply that companies are hard-pressed for expansion capital, are turning increasingly to profits to get the funds they need. In Britain, West Germany and Belgium, some businessmen are plowing up to 60% of all profits back into their firms...