Word: turned
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Dates: during 1950-1959
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Whirling away were four other Republican hopefuls, including former Republican National Chairman Leonard Wood Hall, a Long Islander who had already got President Eisenhower's off-the-cuff endorsement. But not even sage Len Hall had a chance. By August, Rockefeller had collected delegates enough to turn the state Republican convention into a formality. By September, scarcely pausing for breath, he was on the campaign stump, attracting larger crowds than the most optimistic Republicans had expected. Everyone agreed Nelson Rockefeller was a political golden boy; everyone suggested a different reason why. Said brother Laurance, an amateur psychologist...
Though Britain refused to go along with Canada's demand for full convertibility of the pound, it did promise to wipe out restrictions on dollar-area newsprint, salmon, farm machinery. Canada in turn refused New Zealand's plea to cut down trade-inhibiting farm subsidies, but agreed to keep down tariff barriers against lamb and mutton, automobiles and aircraft. For the Commonwealth's smaller, less developed partners, Canada led a big power move to increase development aid, pour more money into the International Monetary Fund, World Bank and Colombo Plan to speed progress in Asia and Africa...
...prose poet's advice: "Gentlemen, never write anything but masterpieces; there's such a good market for them." Says Wald: "That's a pretty good idea for movies too." In 1933 Wald sold a story to Modern Screen magazine, was brought West to Warner Brothers to turn it into a movie. From Warner he bounced on to RKO, next tried Columbia, then Fox. Over the years, Producer Wald, 46, has built up a reputation for idiosyncrasies, something that is increasingly rare in the new Hollywood. Examples: he never lets female stars wear hats ("dangerously distracting") or slacks...
...sell them at a reasonable price. By selling only short-term securities, he is bound to ease credit at a time when the Federal Reserve Board is trying to tighten it. Normally, most of the short-term securities sold by the Treasury are bought by commercial banks that, in turn, can use them as collateral to borrow from the Federal Reserve to make additional loans, thus increase credit all around. However the Treasury is hopeful that most of the securities will later be bought by institutions and corporations as they usually have been in the past...
This, said Secretary Anderson sternly, is not the way to protect the savings deposited with these institutions. Said he: "When the great institutional holders of the nation's savings do not buy Treasury securities, the Treasury must turn to commercial banks. This means increased bank credit, a larger money supply and new inflationary pressures. To the extent that inflation results, the customers of these savings institutions are among the chief victims...