Word: transitioning
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...helpful. He hinted broadly that "other actions are on the fire." Two days later it became apparent what some of those actions are. The Fed, which has kept heavy pressure on member banks, eased the pressure. It did not counteract an increase in the "float," i.e., uncollected checks in transit between commercial banks, for which bankers get an automatic Fed credit. This was used by mem ber banks to cut their debt to the Fed by $158 million and made possible further borrowings from the Fed, thus could give banks more cash to lend...
Though they had complained bitterly of American refusal to make a ringing declaration defending Israel's right of transit through the Gulf of Aqaba, Israelis now recognized that the U.S.'s quiet insistence that the gulf was an international waterway until proved otherwise had achieved the same result and stirred far less Arab rancor. Israel had its port, was taking full advantage of its busy new trade route to Africa and the East. Nasser had even allowed some Israel-bound cargoes through the Suez Canal. And at week's end Israel opened the Lake Huleh reclamation project...
...Soul of a Soulless City," Painter C. R. W. Nevinson called it -predeceased McNulty by a few months. John McNulty himself would never have gone on in Nevinson's excitable fashion about a segment of New York's rapid-transit system, but in a subtle, simple way -by drinking, thinking and writing on the avenue-he made the caption come true. This excellent selection of his stories, articles and miscellaneous pieces proves that a man can find wisdom as well as booze in a gin mill...
...fences, one of French ash wood staked into the ground; the other of gray brick granite. There is no sign, except a solitary cross located on the bell tower, to indicate the nature, denomination, or purpose of the people gathered within. On one side of the Monastery lies the transit bus yard; on the other, a silent cluster of apartment houses...
Pompeo emphasized that no definite agreement of any sort has yet been made between the University and the Metropolitan Transit Authority...