Word: squeezees
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"There is only one way" to carry out the duties of the Presidency, Truman said, "and that is to keep everlastingly at them, and to give as much time to them as it is possible to squeeze out of every 24 hours." The former president attacked proposals to lighten the...
The U.S., Great Britain and France, who had seemed to be moving in divergent directions, came together in a united plan. They confronted Egypt's Gamal Abdel Nasser with the chance to back down from his West-flouting seizure of the Suez Canal or the risk of exposing his...
The Squeeze. Nasser was also kept busy fending off the fine web that the British and French have begun to weave around his economy. The most immediately threatening web was that binding key Suez Canal technicians to the old Frenchrun company. After Nasser said yes to Menzies, the French government...
For Nasser the squeeze caused by the tying up of Egypt's sterling accounts is already starting to hurt. Last week Saudi Arabia eased things a bit by putting up $10 million for Egypt's use against an equivalent sum in Egyptian pounds, and Nasser and his Finance...
Hat in Hand. In its manipulation of these controls, has the Fed clamped down too hard on credit? Most bankers say that companies with solid earnings records and established lines of credit will have no difficulty raising money (though at a higher price) for productive uses, e.g., to expand plants...