Word: bond
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Dates: during 1960-1969
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...fear that inflation, and with it tight money, will continue indefinitely. In the past three weeks the Dow-Jones industrial average has dropped almost 50 points, to last week's close of 812, barely above the year's low. Trouble is much worse in the bond and mortgage markets, the nation's primary channels for funneling savings into the construction of schools, homes, factories, stores and hospitals. Some experts wonder whether, if investors keep expecting endless inflation, these fixed-interest bond and mortgage markets can survive in their present form...
...crisis has been long building. In a current book, The Price of Money, Sidney Homer and Richard Johannesen date the bear market in bonds from 1946, when high-quality corporate debentures sold at interest rates of 2.45%. But the rise in rates and the concurrent drop in bond prices have speeded up enormously since the current inflation began in 1965-and especially this year. Last week, for example, the New Jersey Turnpike Authority sold $137 million worth of bonds at a tax-free interest yield of 7%, compared with a 5⅞ yield on bonds that it had sold four...
Under the bill, the state would buy the Stadium from Harvard with a $10 to $20 million bond issue, and then pay off the bonds with the revenues provided by the Patriots' rental of the facility...
...Viola sentenced him to one year in the Middle sex County House of Correction for each of three counts of assault and battery, with the terms to be served concurrently. Mann, who acted as his own counsel during the trial, was released on $1500 bond after appealing his conviction to the Middle sex County Superior Court...
...said the ancients. Man cannot know himself, say the moderns. He is the enigma of enigmas, a brute wrapped in reason, an innocent ensnared in sensuality, a master builder of societies and civilizations who wrecks them like a frustrated child. This is the underlying theme of British Playwright Edward Bond's Narrow Road to the Deep North, which is having its U.S. premiere run at Boston's Charles Playhouse...