Word: terme
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Dates: during 1950-1959
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...afternoon last week. Clint Anderson's stone wall was Republican President Dwight Eisenhower, whose strong position on issues back home loomed higher and higher, even while Ike himself was off in Europe scoring a major breakthrough on foreign policy. Not since Franklin Roosevelt's heady first term had a U.S. President brought his will to bear on Congress with such effective force, and never before had a President so effectively controlled an opposition Congress. The labor reform bill that passed both houses last week (see below) would have been a far weaker measure, all partisans admitted...
...questions there were no sharp answers, because medical science knows surprisingly little about the specific effects of different types of exercise on the human heart. As the experts puffed toward the finish line, they reached a consensus on some preliminary findings. ¶Athlete's heart" is an unfortunate term that should be discarded, because it indicates a diseased state that does not exist, said New York University's Dr. Louis F. Bishop. Also: changes in athletes' pulse rates are easy to measure but hard to evaluate, e.g., marathon runners' pulses are slower than sprinters...
...competition for available funds has been intensified by the crisis in Treasury borrowing. Since the Treasury, restricted by the 4¼% interest-rate ceiling on long-term bonds, can no longer sell such securities, it has had to compete against consumers and small business for available funds in the short-term market. Last week the Treasury's borrowing costs for short-term money rose to 3.979%, up from the 3.889% paid four days earlier, and the highest since the 4.25% paid during the bank holiday...
Unless Congress acts, the troubles of the Treasury and the money market will worsen in October and November. Then, to raise about $7 billion to finance the seasonal deficit and another $8.9 billion to meet debt coming due, the Treasury will have to go to market with more short-term issues...
Died. Edward Eagle Brown, 74, pace-setting U.S. banker who as president (1934-45) and board chairman (1945-59) of Chicago's First National Bank helped carry Chicago's wobbly economy through the Depression, was one of the first to promote term loans, played an important part in shaping today's more flexible U.S. monetary system; of coronary thrombosis; in Chicago. An intellectual maverick for a banker, courtly Edward Brown, read a balance sheet or James Joyce with equal recall, was a lifelong Democrat who was hauled in by Chicago cops in 1912 while campaigning for Woodrow...