Word: york
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Dates: during 1950-1959
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...pattern intensifies rather than alleviates the Eastern provincialism that characterizes the Harvard undergraduate. Provincialism here means something other than the narrowness and lack of cultural feeling which the term usually connotes. It is rather a posture of universality, created by the sense of being superlative in certain areas. New York City is in this way an example of provincialism, in that the staunch, chauvinistic New Yorker sees his city as a microcosm of the universe, and believes that everything important in the world is in some way embraced by New York. Similarly, Harvard's well-known complacency regarding its academic...
Last week a tipster ("He called himself 'ABC' ") led Trimble to the story that New York's freshman Democratic Representative Ludwig Teller had an aide named Mrs. Sylvia B. McNamee (Government salary: $13,334) who ran a private insurance business out of his district office in New York City...
...surprise of Wall Street, the Federal Reserve Board last week tightened up on credit again-and immediately stirred up a controversy. In the third such move since last summer, the Fed permitted four district banks (New York, Chicago, Philadelphia, Dallas) to raise their discount rates to member banks from 2½% to 3%, thus allowing others to follow...
Like Pioneer IV, Wall Street's bull sped into uncharted territory last week. As trading on the New York Stock Exchange boiled up between 3,900,000 and 4,800,000 shares daily, Dow-Jones industrials hit a peak of 611.87, or 175 points above the 436.89 low of a year ago. Not even tough news could jolt it. The index gave up only 2.35 points on the Federal Reserve Board's discount-rate hike (see above), closed...
...same holds true for the domestic jet operators. Using leased Pan American 707s. National Airlines has boosted its New York-Florida business impressively, with load factors of 95% southbound, 85% northbound, has already carried 35,000 passengers by jet since mid-December. American Airlines, with five 707s operating across the U.S. nonstop to Los Angeles, reported a 96.2% load factor v. the average 66%. The nine Lockheed Electra turboprops delivered so far boast average loads of nearly 80% on nights from New York to Chicago and Detroit. Together, the two jet-powered craft boosted American's February business...