Word: easier
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Dates: during 1950-1959
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What of this year? Without pinning himself to exact numerical predictions, the President declared that "economic growth can be resumed without extended interruption," and he added a promise: "The policies of Government will be directed toward helping to assure this result." Easier credit would spur both homebuilding and federal-state outlays for schools, roads, etc. Increased federal spending for defense would add further economic...
...practice), and Hagerty handed out releases explaining the details. "If it was late and you wanted to get home for dinner," recalls an old Albany hand, "you ended up writing pretty much what Hagerty gave you to write. The stories were always accurate and reasonable, and that made it easier...
...NATO Ambassador Andre de Staercke chided the Western press for its "masochistic" tendency to see "just the weak points of our position." This attitude, said Veteran Diplomat de Staercke, is compounded by "lack of analysis, by sheer ignorance, by that kind of facility which makes bad news easier to believe than good news, or pessimism more secure than optimism...
...Federal Reserve Board kept other forms of credit tight, despite the rising clamor of businessmen for easier money. The New York Chamber of Commerce and Chairman William H. Moore of Manhattan's Bankers Trust Co. both appealed to the Fed to ease credit by lowering the amount of funds that commercial banks are required to hold in reserve against demand deposits. But Fed Chairman William McChesney Martin Jr., speaking at Richmond, Va., still branded inflation as the economy's enemy No. 1-hardly the talk of a man prepared to make money easier...
...Easier moneymen argued that the economy needed a lift. Unemployment was still rising (see NATIONAL AFFAIRS), notably in Detroit. Auto sales were sliding, and Detroit last week rolled out 18% fewer cars than in the same week of 1957 (but 57% higher than the previous week in 1958). Automakers slashed first-quarter production schedules by 13% from the total projected a few weeks ago. In the slowdown more than 9% of Detroit's work force was idle. General Motors has laid off about 6,000; Chrysler last week passed out 4,000 pink slips and more were coming...