Word: rateness
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Dates: during 1950-1950
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...Courts. British War Bride Violet Benner sued for a divorce from ex-G.I. Wilbert Roy Benner of Austin, Texas. The judge, noting that Mrs. Benner was getting free legal aid, said to her counsel: "You are making history." Reminding the judge that his client had gotten a cut rate under the act, Wilbert Benner's counsel added: "I think we both...
...rate: 33 per 10,000 population...
...Audience Research staff interviews a 3,000-man segment of the British public to find out what shows, if any, they listened to. Periodical reports are made on individual shows with listeners specifying what they like and don't like, as well as how they would rate individual performers...
Since the entire economy has expanded greatly since 1948, the total of bank loans in itself was not too alarming. Furthermore, loans normally rise at this time of the year. But FRB thought that the rate of increase has been too fast (up $4 billion throughout the nation or nearly 10% since the start of the Korean war). To slow the rise, FRB last week was considering an order to boost the total reserve requirements of its member banks closer to the limit under present law, thus reduce the amount of money banks have for lending. If prices continued...
Sabotage. Actually, FRB's efforts so far to fight inflation by restricting credit have been all but sabotaged by John Snyder's Treasury Department. As long ago as August, FRB made its first move to discourage borrowing by boosting the discount rate and dropping its support prices of many U.S. securities, thus pushing up interest rates throughout the U.S. (TIME, Sept. 4). But when the Treasury put on the market a record-breaking ($13.5 billion) issue of short-term notes, it refused to accept the higher rates, insisted instead on its long-standing policy of cheap money...