Word: trumanism
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Dates: during 1950-1959
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...Injured Bystander. The mortgage scandals were clearly no fault of Hollyday's since Section 608 had lapsed in the Truman Administration, three years before he took office. In the Title I scandals, he had been hamstrung by FHA's inability to inspect the repair loans it was required by law to guarantee. Last fall Hollyday took the only course left to him: he issued regulations requiring banks to take more responsibility for loans, and asked the FBI to investigate abuses...
...nearly so dramatic-or so easily understood-as a big public-works program. It also needs time to become effective. In 1949, for example, when industrial production dropped 18% and unemployment rose to 4,700,000, or more than 7% of the labor force (v. 5.8% today), the Truman Administration did nothing about public works. Instead, it took antirecession steps similar to those now taken by the Republicans. It cut bank reserve requirements, pegged U.S. bond prices to keep interest rates low, removed consumer credit controls. The budget, which had been running a surplus, began to run a deficit...
...letter answering Nichols: "Though of course I would have no desire to retain an advisory position if my advice were not needed, I cannot . . . accept the suggestion that I am unfit for public service." He flatly denied that he had lobbied against the H-bomb after the Truman order, or that he had ever given any secret information to unauthorized persons...
When Archie Alexander, a lifelong Republican, landed one day last week in pastel-painted Charlotte Amalie, the sign on the hangar that says "Harry S. Truman Airport" was tactfully shrouded by a big welcome banner. Next day Alexander, a Negro contractor from Des Moines, climbed up on the back seat of a crimson Chevrolet convertible and headed a brass-band parade up the Kronprindsensgade (Crown Prince Street) and down the Dronningensgade (Queen Street). At the Emancipation Garden where the Danes* freed their slaves in 1848, he was sworn in as the first Republican governor of the Virgin Islands...
Beat the Devil. John Huston and Truman Capote tell a completely wacky shaggy-dog story; with Humphrey Bogart, Jennifer Jones, Gina Lollobrigida, Robert Morley, Peter Lorre (TIME, March...