Word: bond
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Dates: during 1950-1959
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Above the doorway of the big modern building in Santa Fe, N.Mex. is lettered an appropriate motto: "The art of the craftsman is a bond between the peoples of the world." The building is Santa Fe's new Museum of International Folk Art, and both museum and motto are the gift of a wealthy Chicago art patron named Florence Dibell Bartlett, who has spent 20 years collecting the folk art of 50 countries. On her travels, she noticed that most of the ancient crafts seemed to be dying out. Collector Bartlett decided to build the museum as a showcase...
...some lawyers, that the Administration had a legal right, despite the debt ceiling, to borrow enough money to cover any appropriations voted by Congress? Humphrey answered: "I don't think any of that very interesting legal argument amounts to a damn, because we have got to sell bonds. If you have got some money in your pocket and I offer .you a bond, and somebody says, 'I don't know, there is a big legal argument over whether that is a good bond or not,' you just...
...good thing to sell. Common stocks on the exchange are paying close to their highest return in history-an average 6% v. 3.48% in 1929 and 4.87% in the last prewar bull market of 1937. What is more, during an inflationary period, the stock market is "safer" than Government bonds, since stock prices generally go up as the value of the dollar declines. The holder of a Government bond, on the other hand, loses to the extent that the dollar's purchasing power decreases...
During World War II, the Germans made hydrazine for use as a rocket fuel. The chemical bond between the two nitrogen atoms contains a large amount of energy, and when it is broken during combustion, the energy is released, giving the rocket a powerful push. In the U.S., hydrazine (which is poisonous and blows up if improperly handled) will be used in rocket fuels, but in the long run it will be more important in chemical synthesis. Here the possibilities are almost endless. Each of hydrazine's four hydrogen atoms is highly reactive; each can be replaced, sometimes...
Although Humphrey did not like it, the short-term paper seemed the only answer in a market still upset by his 30-year bond issue of April, and congested by more than $7 billion worth of federal, state, city and corporate bonds offered so far this year-the biggest six-month total in history. Explained Humphrey's deputy, W. Randolph Burgess: "Savings money of the type you tap when you offer a long-term security accumulates slowly. You can't go to the well too often. You have to allow time for the well to fill up again...