Word: willful
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Dates: during 1950-1959
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SHIP-CONSTRUCTION BONDS guaranteed by U.S. will be marketed by American President Lines to aid in building two 13,250 D.W.T. cargo ships. First of its type, the $14.4 million offering is expected to lead way for $1 billion in new maritime bonds.
IMPORT BANS against foreign-made men's and boys' clothing are being instituted by Amalgamated Clothing Workers of America. Union invoked contract clause that prohibits makers from handling apparel not made within union jurisdiction, will force three large New York-based chains-Ripley, Howard, Crawford (totaling 177 stores...
AIR-COMMUTER FARES will be started by Allegheny Airlines between Philadelphia and Pittsburgh at reduced rates if CAB approves. Passengers will not be permitted to make reservations, must carry own baggage but will pay only $13 v. present $20.30 one-way fare. Allegheny also plans to offer ten-ticket books...
Behind the Fed's decision to follow the interest market up another half notch was concern over the ballooning of commercial loans, which have continued to rise despite downturns in loan requirements in industries affected by the steel strike. During the strike's early stages, the Fed delayed...
Most businessmen do not think that the high cost of borrowing will choke off the boom. Corporate income taxes today trim the real cost of borrowing money by as much as one-half, with the result that the effective cost of borrowing money is still lower than at many other...