Word: bonanzas
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Dates: during 1980-1989
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...1930s. Yet inflation, which last week jumped to 11.5%, has not yet been "wrung out" of the economy, and that was the chief aim of Thatcher's monetarism. North Sea oil revenues have suffered from the international oil glut, and much of the treasury's eroded bonanza has had to pay for unemployment benefits. The fiercest riots in Britain in a century exploded last summer in cities throughout the country, reflecting not only deep racial problems but the bitter resentment of the young who could not find work...
Savings institutions saw the A.s.C. as a potential bonanza that could yield $250 billion in new deposits, and they began offering the big interest bonuses as a way to sign up customers early. The key to the deal that the bankers used was an obscure financial instrument known as repurchase agreements or repos, which are short-term loans to financial institutions backed by Government securities. Early A.s.C. depositors were actually buying part of a repo with their money, and the funds were to be turned into an A.S.C. automatically on Oct. 1. Repos are currently paying a return of about...
...cheap Canadian dollar has proved a bonanza for U.S. tourists heading north for summer vacations. But for Canadians, the drop means further deterioration in their economy. Canada and the U.S. trade more with each other than with any other country, and the sagging currency threatens new rises in the cost of Canadian imports of clothes, food, electronic equipment and other goods from...
...contrast, the week-old walkout has already proved to be a bonanza for a few lucky businesses. In New England, passenger volume for Trailways jumped 40%. In the Midwest, business for Greyhound was up 55% on some routes, particularly in the Chicago and Indianapolis areas. The troubled Amtrak rail network enjoyed a 5% to 10% bookings spurt. On Amtrak's Metroliner service between New York City and Boston, passenger traffic climbed...
...merger binge has been a bonanza for a special breed of Wall Street investment banker who negotiates the megabuck deals. Acquisition teams at First Boston Corp., which handled Du Font's bid for Conoco, and Morgan Stanley, which advised the oil company, are expected to earn almost $15 million each from the merger...