Word: draining
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Dates: during 1960-1960
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...project, was left empty-handed and-far worse-derided by the Republicans for failure to rally the overwhelming Democratic majorities behind his program. In the last fitful week, two more of Kennedy's cherished bills-the minimum-wage extension and the school aid bill-went down the drain. Kennedy himself was head of the Senate delegation that went to a Senate-House conference committee trying to work out a compromise between his own version of the minimum-wage bill (boosting wages from $1 to $1.25 per hour, extending coverage to 4,000,000 jobholders) and the House bill...
...Havana open, a long line of Cubans waits to enter. Their aim: to get out of Castro's Cuba. The consulate issues 200 visas a day, but the demand is so great that applicants now must wait until next May even to get appointments for interviews. The drain on Cuba's supply of trained men-engineers, economists, doctors-last week persuaded Castro to cancel all existing exit permits. Henceforth, those who want to leave home must fill out an elaborately detailed questionnaire. Its aim was plain: to keep tab on those who are getting out and to provide...
...thousand girls-have swiftly acquired at least 500,000 card-carrying members (at 1 guinea or $2.95 for life membership). One club, reported the Spectator last week, includes among its members "ten M.P.s, eight millionaires, more than 60 knights, 35 peers, and enough businessmen and captains of industry to drain dry the Stock Exchange and the Savoy Grill...
...some time, volatile short-term rates-the costs of financing shipments and storage of goods-have already eased. Many short-term Government securities are held by foreign investors, and the drop in interest rates may encourage them to seek higher rates elsewhere in the world, cause a drain on U.S. gold reserves. The gold outflow has picked up speed in recent weeks, now totals some $384 million this year. But this is a healthy improvement over this time last year when the U.S. had lost nearly $1 billion in gold. Treasury officials are confident that easier credit will not cause...
TURKISH OIL FIND near Adana by Socony Mobil yielded biggest flow (240 bbl. a day), best quality oil yet found in Turkey. The gusher rouses hopes that oilmen have struck edge of vast reservoir whose oil might end a major import drain on Turkish economy...