Word: auction
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...drilling rights auction brought in more than $1.28 million in immediate cash payments and could bring a good bit more in future royalty payments, said the chairman of A&M's Board of Regents, H.R. "Bum" Bright...
...ease concern that the satellite auction might lead to dismantling of the 113-year-old U.S. Weather Service, John V. Byrne, head of the National Oceanic and Atmospheric Administration, its parent agency, promised that the Government would continue to distribute basic weather forecasts without charge. "The man in the street," he said, would still be told "whether he should wear a raincoat." These assurances are not likely to head off a storm in Congress, which must approve the sale. Groups like the National Farm Union are threatening opposition for fear of losing such no-cost services as frost warnings. Scientists...
Hyster's high-stakes auction...
Eugene Coon has been a sheriff for twelve years, but for the first time in his career, he has refused to uphold the law. When 43 owner-occupied homes were to be auctioned last week in Alleghe ny County, Pa., because of delinquent mortgage and tax payments, Coon, who runs the monthly auction, stopped the sale. Said the four-term sheriff: "These are good people who have paid into their homes for years and years. I feel I'm on good legal ground in trying to help those who can't help themselves...
...money and speak our language. There are few recorded instances in history of governments, any government, actually getting out of debt. Countries do not fail to exist." The rescheduling of Mexico and Brazil's debts, Wriston suggests, is not unlike the U.S. Government's weekly Treasury bill auction: both raise new loans to replace old borrowings...