Word: bond
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Dates: during 1970-1979
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...expenditures by the Pentagon. In 1971 Schlesinger moved on to become chairman of the Atomic Energy Commission, which had fallen under the influence of the utility industry. In his first meeting with utilities executives, he told shocked industry leaders: "Gentlemen, I am not here to protect your triple-A bond ratings...
Open Discussion. In the view of an old colleague, Georgia State Senator Julian Bond, Young's problem-or virtue-is simple: "Andy's never been in a position where people were hanging on every word he said." Bond's prescription: Young "ought to write down what he's going to say. The quick response is fine for a politician who is representing 460,000 people, but it's not the right thing for an ambassador...
...Bailey with $700 worth of hot merchandise. This time he was fined $200 and given two years' probation. Then in 1973 Bailey was arrested while filching 31 record albums from a store in Port Huron, Mich. Convicted of larceny and sentenced to up to four years. Bailey posted bond pending an appeal, which had to be made within 60 days. Legal maneuvers dragged on, and Bailey went home to Rhode Island...
...seems doubtful that Young will fulfill all of these hopes, at least on the basis of the arguments summarized so far. Regarding the possible bond of inspiration that might form between the new ambassador and other black Americans, Alvin M. Poussaint, a black associate professor of psychiatry at the Massachusetts Mental Health Center, makes an insightful point in an op-ed piece in last Sunday's New York Times. Poussaint argues that there is often as large an identification gap between members of the American black bourgeoisie, blacks (like Young) who have "made it," and the mass of poorer blacks...
Administration economists, and a good many outside experts, regard such views as alarmist. Still, the widespread talk about inflation has already hurt the financial markets. Stock prices in the first two months of the year fell 7% and trading volume declined by 25% from a year earlier. The bond market has been sagging, too, causing a rise in interest rates. Last week, for example, double-A utility bonds were selling at a yield of 8.35%, v. 7.8% in late December...