Word: bond
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Dates: during 1950-1959
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...Little Rock school integration crisis, the traditional lines of basic national conflict were hardening around the South. The conflict: states rights v. federal law. In the South last week, as it had been through plantation growth, secession, civil war, surrender, reconstruction and recovery, states' rights was the legalistic bond that held most Southerners together. "We live in a federated system," said Virginia's courtly Governor J. Lindsay Almond Jr. in Richmond, "in which the Federal Government has no powers other than those delegated by the states." "It must be remembered," said Arkansas' rabblerousing Governor Orval Faubus...
...fears, the FRB is up against a big problem it did not have before. The FRB will have to keep credit easy enough so that the Treasury can raise $10 billion to $12 billion to finance the biggest postwar deficit, and do that at a time when the Government bond market is the weakest in years...
Last week two more U.S. companies-Ebasco Services Inc., a subsidiary of the engineering and construction firm of Electric Bond and Share Co., and the investment firm of Allen & Co.-announced that they were combining resources and talents in the Kerman Development Corp., to study the possible development of 50,000 promising square miles of Iran's mountainous south central area...
...potential major-league baseball franchise, and at least two American League teams-the sixth-place Cleveland Indians and the last-place Washington Senators-seem eager to travel. With a knowing wink eastward, the Minneapolis city council one day last week voted a $9,000,000 bond issue to enlarge Metropolitan Stadium from 21,000 to 41,000 if a big-league team should homestead there. Barely an hour later, the St. Paul city council voted a bond issue to enlarge Municipal Stadium from 10,250 to 42.000 for any team that dropped...
Anderson's best hope is that the bond market will bottom out, and that rising yields will tempt investors back into bonds. But the big question is whether tempting yields are big enough to overcome investors' fears of more inflation-and an inevitable drop in present bond prices...