Word: keep
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Dates: during 1950-1950
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...world today cannot keep a happy equilibrium with my gossip and the atom bomb," announced Veteran Telltale Elsa Maxwell, who had decided to give up her column for good. "What is gossip after all but unkind things said, usually not even based on fact or the truth? I can't add all that trouble to those that already exist, so I have taken up my music [she used to play the violin], my best old, old friends and the quiet peace of quiet living...
...October 1887, the Herald has also been a comforting and legendary outpost for a legion of freewheeling roistering U.S. newsmen who worked there while they saw Paris-and later filled a dozen books with their nostalgic, wine-ripened memories. But the Herald Tribune has never found it easy to keep its 62-year-old outpost victualed and supplied. Its circulation, once up to 35,000, was down to 10,000 in 1939. After the Germans took Paris, the Herald suspended...
...inflation? The Federal Reserve Board was for raising interest rates to tighten credit. The other great fiscal arm of the Government, the Treasury, thought that this would be a treacherous stab in the back. As the nation's biggest borrower, it wanted cheap money and easy credit to keep down the cost of interest on the $257 billion national debt...
...fortnight ago, Treasury Secretary John Snyder reaffirmed his cheap money policy. He announced that the Government would keep its interest rate at 1¼% when it refunds $13.5 billion in Government securities in September and October, biggest refunding at one time in history. In turn, FRB approved a boost in the discount rate in the New York area from 1½% to 1¾% as a warning to Snyder (TIME, Aug. 28). Last week Federal Reserve Banks across the U.S. upped their discount rates, thus putting pressure on bankers to raise their interest rates on commercial loans...
...uncurbed. Another burst of inflation would hit consumers hard and also cost the Government, as biggest consumer of all, more than it would pay out in higher interest rates. New York Federal Reserve Bank President Allan Sproul had told Congress months ago that "the country cannot afford to keep money cheap at all times and in all circumstances, if the counterpart of that action is inflation, rising prices, and a steady deterioration in the purchasing power of the dollar...