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...rose in Commons one day last week and announced his new measures. The day before, he had raised the bank rate (equivalent to the U.S.'s Federal Reserve discount rate, now at 2½%) to 5½% - highest since the depression days of 1932-in a move to tighten the supply of borrowable money. Now he jumped on the British consumer, who has been enthusiastically snatching up goods on the "never-never" (British slang for the installment plan). The minimum down payments on cars, TV sets, radios, dishwashing machines and photographic equipment were raised to 50%. To slow down...

Author: /time Magazine | Title: Foreign News: Pains of Prosperity | 2/27/1956 | See Source »

...grandness of conception that reminds me of Michelangelo. The larger than life figures of the Renaissance master are, however, classical in their dignity and spirituality. In contrast, Rubens' figures are treated romantically. They are overly real and sensual. Passions are magnified rather than reason or the inner restraint which tighten the faces and figures of Michelangelo. Certain fine oil sketches like *uos Ego reveal the characteristics of the Baroque style which Rubens created almost singlehandedly. Classical clarity is replaced by endless movement, and color is handled in a broad, and, at times, impressionistic, manner. In other canvases the wave...

Author: By Lowell J. Rubin, | Title: Intimate View of Rubens | 2/14/1956 | See Source »

...have gone up, as they have in other farm commodities. I believe firmly you're entitled to a fair return. But when one segment of the meat team is suffering, it cannot be too long before other segments also will suffer . . . I urge you in the industry to tighten up your costs. Keep your profits and margins in line . . . This is no time to take advantage of the American farmer...

Author: /time Magazine | Title: AGRICULTURE: Apostles to the Farmers | 2/13/1956 | See Source »

Harris urged that "strong safeguards be taken to reduce the growth of consumer credit. Congress should authorize the Federal Reserve System to tighten credit, and the System should take steps to reduce bank expansion credit...

Author: By Michael J. Halberstam, | Title: Ike's Outlook Supported by 3 Economists | 1/25/1956 | See Source »

...Although the University has refused to prohibit students from bringing cars to Cambridge, it has agreed to enforce parking ordinances against students," Toohy said. "We have no choice but to tighten up if the Cambridge Police decide it is necessary," he added

Author: NO WRITER ATTRIBUTED | Title: Police Prepare to Impound Autos With Unpaid Tickets | 12/12/1955 | See Source »

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