Word: effectively
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Dates: during 1960-1960
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...shot punctuated the first rumblings of an election-year debate over the adequacy of Administration defense programs. Missouri's Democratic Presidential Hopeful Stuart Symington, Harry Truman's Air Force Secretary from 1947-50, charged in a speech on the Senate floor that "this Administration is now, in effect, planning that this nation become a second-rate power." New Jersey's Democratic Governor Robert Meyner told a Democratic gathering in Manhattan that as a result of the Administration's "bankrupt leadership," the U.S. is now "dancing to Russia's tune...
...Easy Look," others the "Airlift Look," still others the "Dragonfly Look." It accented huge, winglike sleeves and a wandering waistline. Designer Ceil Chapman's funnel-sleeved line highlighted the "pyramid waist," high in front and low in back. Designers Norman Norell and James Galanos achieved the long-torso effect by dropping the waistline well down to the hip. Designers expect that the wandering waistline will make women's figures look slimmer. Manufacturers expect that it will fatten retail-sales figures, which now top $10 billion a year for women's wear...
...competitive is the short-term market that the Treasury's newest 91-day bill sells for nearly 4.6%. The effect of short-term borrowing, according to Government estimates, has been to drive overall interest rates up ½% in a year, and cost the Government an extra $700 million to carry its debt. The cost to private borrowers has run into the billions, is growing so worrisome that even housebuilders, who once opposed raising the ceiling, are now having serious second thoughts. The Treasury's medium-term "magic fives" of last fall (TIME, Oct. 12) drew some $200 million...
Administration economists are dead set against trying to sell long-term bonds by gimmicks, meaning discounts, or by trying to force the Federal Reserve to support the market. They argue that this is simply funny-money financing. By supporting Treasury bonds, the Fed would, in effect, be pumping money into the economy, would lose control over the monetary system and take the U.S. down the road to real inflation. Says FRB Chairman William McChesney Martin: "The world now knows that, as the night follows the day, inflation follows any effort to keep interest rates low through money creation...
Today the Committee winds up its campaign with an offer of free postcards, properly addressed to the Congressmen of anyone who wants to write. Although the N.D.E.A. is an obvious student issue, mail from students has been negligible. In such a case, every letter and postcard has an effect-particularly if it carries the writer's home address. Thanks to the Committee's postcard idea, every student in the College can make his position clear to those who count...