Word: bindings
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Powerful support is building up for revenue sharing, however, from the kind of fellow politicians that Congressmen listen to: mayors, Governors, state legislators and county officers. They see access to more federal money as their only realistic hope of escaping from a fiscal bind without the local tax increases that have become an invitation to defeat at the polls...
...debt. But Jim Robinson, 34, a former fifth-grade teacher, and Jenette Kahn, 23, a freelance art critic, are optimistic. Recently Kahn noted, "The orders are coming at a rate of 50 a day. If that keeps up for a few months, we might get out of the financial bind...
Redrawing the Rules. Taken together, last year's congressional actions strengthen the ties that bind Government and business together. With securities insurance added to long-existing mortgage and bank deposit insurance, Washington's total financial liability in a serious economic slump could conceivably reach an astronomical figure. Still, despite its controversial habit of subsidizing transportation, housing, farming and shipping, Congress so far shows little inclination to rescue individual companies except to preserve vital national services. Lawmakers last year made no move to bail out film makers, conglomerates or airlines...
...Services into the largest mutual fund organization selling shares to foreigners. Denver's John King, whose King Resources sold interests in oil wells and other holes in the ground, tried to come to Cornfeld's rescue with a loan. Instead, King himself was caught in a money bind and ousted by his board. Keith Barish, 26, a financial whiz who had made Nassau's Gramco Management Ltd. the second-ranking offshore mutual fund complex, was also hit by a wave of fund redemptions that forced him to suspend some operations. Several big-thinking Texans were deflated. James...
Albert H. Gordon '23, chairman of the Fund, said last week that the Fund is caught in an economic bind. Inflationary pressures have made an annual increase in alumni giving imperative to meet the costs of higher education, but the economic decline of the country has combined with alumni uneasiness over student unrest to hold back the needed increase...