Word: bond
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Dates: during 1970-1979
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Since earlier this year, when the bond-rating agencies downgraded the company's credit and thus effectively prevented it from raising any further funds in the public markets, Chrysler has had to live off its own flesh and bone. Following earlier sales of some or all of its interests in France, Britain, Brazil, Argentina and South Africa, the company in the past few months has announced the closing of two U.S. plants...
...young woman has begun to make a small fortune on Wall Street by selling municipal bonds to doctors and dentists. They pay in cash from earnings they have not reported to the Internal Revenue, and there is no record of the bond purchases because they are so-called bearer bonds and therefore do not carry the name of the owner. Gambling casinos are surging in part because they are convenient places to spend cash. Says Albert W. Merck, a member of New Jersey's casino control commission: "A casino fills a fascinating function in an economy where there...
...until it discovers its wallet is missing. Yet Wolff's account of this misspent life is absorbing throughout. It is not just the story of "a wreck of a desperado," as he calls the Duke at one point; it is an engrossing, often moving search for the troubled bond between sons and fathers that is known as love...
...children to school, works all day with Austin's city manager and six-member council, and hurries home to cook dinner for her children (she is a divorcee). She then returns to city hall for more paper work. Since taking office in 1977, McClellan has got voter approval of bond issues totaling $141 million for remodeling the city and continuing Austin's participation in a nuclear-power venture. She is persuasive: she won the nuclear-power bond issue by 53% just ten days after the Three Mile Island incident...
...federal permit is needed to run a still, but the Bureau of Alcohol, Tobacco and Firearms issues one routinely when the applicant posts a bond promising not to sell or drink the alcohol. Automakers approve of ethanol power, but caution that it does present some problems. Though it has a higher octane level than even high-test gas, ethanol contains somewhat less overall energy to the gallon, and the mileage it yields is up to 20% less...