Word: bond
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Dates: during 1970-1979
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...part until his late wife, Actress Mary Ure, and his secretary both had a long look at the script and urged him on. "The last time they were that enthusiastic was From Russia With Love," recalls Shaw, who played the slow-thinking, fast-moving hit man in that Bond epic. "And they were right then. So I took the part...
...same meager data to make contradictory claims about the impact of EEC membership upon the British economy. While anti-Europeans argued that a yes vote would be the death knell for British sovereignty, former Prime Minister Edward Heath, a tireless pro-Europe campaigner, hailed the EEC as a peace bond between France and Germany; he appeared to imply that if Britain withdrew, Europe's traditional archfoes might soon have another go at one another...
...impossible to sell after New York's Consolidated Edison omitted its 45?-per-share dividend for the second quarter of 1974. To raise the capital that it constantly needs to maintain and expand power grids, the industry had to borrow at interest rates as high as 12% on bond issues and bank loans...
...regulators are permitting bigger rate increases more rapidly. During this year's first quarter, investor-owned utilities won approval for hikes totaling $1 billion a year, almost half as much as they got during all of 1974. Interest rates have come down to about 9.5% on good-quality bond issues by utilities and even less on their bank loans. Power demand is rising again, though it is only 2% ahead of last year's rate. A group of 75 utilities that recorded an aggregate profit increase of only 3% during 1974 enjoyed an earnings rise of almost...
Bare Glimmer. But the long-term outlook is far from bright. Bond interest rates are still high by any historic standards, and utilities will be saddled for years with the cost of payments on loans secured at 1974's lofty rates. Profits have improved partly because utilities have cut borrowing and construction costs by pulling back expansion plans. As of early this year, cancellations or postponements had trimmed the prospective generating capacity of nuclear power plants on utilities' drawing boards by about 65%, and the projected capacity of non-nuclear plants by around 40%. The cutbacks could leave...