Word: turning
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Dates: during 1950-1959
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...money urgently, Hoffa's own Local 299 and another Detroit local headed by Hoffa Pal Bert Brennan, now a Teamsters international vice president, jointly purchased Ricca's home in Long Beach, Ind. for $150,000. Appraised value: $85,000. Hoffa explained that the two locals planned to turn the house into a training school for Teamster business agents. Not one has been trained there...
Elder Statesman Harry Truman disclosed that he is taking another fling at "the authoring business," has signed up to turn out two new books. The first, Mr. Citizen, to be published next March, will express Truman's general views on today's world. The other, still untitled, but set for publication a year later, will be addressed to U.S. youth (10 to 16), and will set forth what junior citizens should know about U.S. history. Explained Author Truman of the latter project: "I hope to correct what I believe are some serious misconceptions of our past, particularly with...
Almost Old-Fashioned. As his primitivist monuments faded to grimy familiarity, Epstein found himself an accepted eccentric. Acceptance slowly turned to deep respect, and in 1954 the old volcano became "Sir Jacob." A new generation of sculptors was shocking the public in its turn, with carvings full of holes, welded metal totems, and assemblies from the junk yard. Epstein by contrast came to seem imbued with Semitic melancholy, soft-edged and almost oldfashioned...
...consumers, the tightening means that they must pay more to get the money they need to make loans, build houses, expand industry, buy autos, appliances and TV sets. Money has been gradually tightening up since spring as the economy spurted to new highs; last week it got a heavy turn of the vise...
...turn was applied by the House Ways & Means Committee, which voted to kill a bill giving the President authority to raise the interest-rate ceiling on long-term Government bonds above the present 4½. This will force the Government to do more of its financing through short-term borrowing (under five years), on which there is no interest ceiling. Result: the Treasury will have to compete with consumers and small businessmen for short-term funds, thus placing pressure on fhe money market, forcing up short-term interest rates...