Word: cashing
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Dates: during 1950-1950
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Last week the note fell due. Since the party till was empty, and its boss short of cash, the government bank attached 200 of the most valuable books in Lombardo's library...
...Washington Correspondent James Arthur Wechsler became editor of the New York Post a year ago (TIME, June 6, 1949), Publisher Dorothy Schiff was just about ready to sell her tabloid or shut it down. She had sunk "millions of dollars" into the preachily liberal Post, and had neither the cash nor the desire to go on losing so liberally. Editor Wechsler decided on a drastic change...
...Government has actually spent little cash itself. But by insuring loans up to 95% of the value of a house, the Federal Housing Administration made it easy for a builder to borrow the money with which to build low-cost houses. The Government made it just as easy for the buyer by liberally insuring his mortgage. Under a new housing act signed three months ago, the purchase terms on low-cost houses with Government-guaranteed mortgages were so liberalized that in many cases buying a house is now as easy as renting it. The new terms: 5% down (nothing down...
Despite the big spending, consumers still had plenty of cash in their pockets. The Bureau of Labor Statistics reported last week that average weekly earnings for U.S. production workers hit $57.50 in May, highest in history. Nonagricultural employment also rose to 43.2 million in May, a new high for the year, while total U.S. employment was expected to reach well over 60 million this summer...
...near the northern Italian city of Modena, has a population of about 1,000-mostly children. When anyone there wants food, clothing or cigarettes, he takes what he likes from the common supply. When anyone wants money for dealings with the outside world, he draws it from the common cash box. Says Don Zeno Saltini, "We have no locks. We live according to the Christian principle of ask and you shall receive...