Word: pumpings
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...voice has a pump-organ quaver and a soft adolescent fuzz on it, the phrasing is smooth, and the sentiments belting from the jukeboxes hit the pop fans right where they love to live...
Home builders and owners have long dreamed of a cheap and practical heat pump to maintain comfortable temperatures in homes both winter and summer. This week the dream was a big step closer to reality. General Electric Co. unveiled a new, three-ton model of its Weathertron heat pump specifically designed for the mass home-building market. The new G.E. pump will heat or cool a seven-room house in temperatures ranging from -20° to 120°. Cost: about $2,000, including installation...
Indignity of Labor? Adler and Kelso expect economists to "clobber the book," and the possible objections are indeed strong. The scheme to diffuse capital might require more governmental control than the present pump-priming devices that K. & A. condemn. If the prescribed spreading of capital were more or less limited, would it give workers (except in theory) relatively more than they have today under high wage scales? Or, if the redistribution of capital were sizable enough to make a real difference, would there be enough capital concentration for new enterprise? Furthermore, the K. & A. vision of a coupon-clipping mass...
...laborers in hovels, he perched a luxury hotel, a glittering restaurant and an eye-popping skating rink on top of a mountain, connected them to Caracas and the sea with a soaring system of cable cars, then started boring a tunnel under the mountain. With such elaborate pump-priming to ensure economic wellbeing, he felt safe in crushing political independence. Who would want to pay the hard price of freedom so long as the government provided full employment and full bellies? Such glib judgments were proved hollow last week as Venezuelan rebels faced Perez Jiménez' machine guns...
...stock margin requirements (TIME, Jan. 27), rather than any real easing of credit. Said Board Chairman John Sibley of the Trust Co. of Georgia: "The impact is on the public mind, not the economy as such." Over the last few months, the Fed's only real attempt to pump more credit into the economy has been to allow bank reserves (and thus their lending ability) to increase by some $500 million, partly through open market purchases of Treasury securities. But so far, it has failed to use its strongest economic medicine: lowering the reserves all member banks must maintain...