Word: towards
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...Western envoys had held six conferences with Vyacheslav Molotov. No progress had been made toward lifting the Berlin blockade or toward a four-power conference. This week the representatives of the U.S., Britain and France were finally admitted to a second audience with Stalin. When they emerged, at 1:40 a.m., U.S. Ambassador Walter Bedell Smith told newsmen that he expected more talks to be held. Said Smith: "We're always optimistic. We expect the best and prepare for the worst." Stalin gave his guests "tea and cakes," Smith reported...
Nature Boy. Unlike Marse Henry Watterson and his famous "to hell with the Hapsburgs and Hohenzollerns," Wallace has never been known for outspoken editorials on politics. But no one ever doubted where Uncle Tom stood on conservation, good will toward Latin America, snakes (he was a live-&-let-live man), or steel traps (he thought them inhumane). His most famous campaign was a five-year struggle which saved Cumberland Falls from a utilities syndicate headed by Sam Insull...
...intentions were toward deflation-just a little deflation. Treasury Secretary John Snyder upped to 1¼% the 1⅛% interest rate on short-term Government bonds. lie expected, rightly, that banks would follow the example and raise interest rates, thereby curbing the inflationary expansion of credit. By midweek, some bankers announced plans to boost basic lending rate from 1¾% to 2% (for borrowers with the highest credit rating) and to adjust other rates accordingly...
...Federal Reserve System also moved toward deflation when nine of its twelve district banks raised their rediscount rates (i.e., the rates which member banks pay on loans from the Reserve Banks) from 1¼% to 1½%. Their strategy was the same: to raise the cost and thereby lower the amount of borrowing...
Meanwhile the Federal Housing Administration would be meandering toward inflation with the new housing law which Congress passed last week. Its main provision is something called "yield insurance," by which the Government will back private investment in emergency housing up to 90% of capital outlay, and insure a 2¾% profit. With houses now going up about as fast as the supply of materials will allow, the likely result would be an imperceptible rise in new housing, and an appreciable rise in already inflated building costs...