Word: bond
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Dates: during 1980-1989
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...fabulous," says California Congressman Tony Coelho, chairman of the Democratic congressional campaign committee. "It's a big plus." Privately, however, many Democrats, including black politicians, are ambivalent at best. "I can't see any benefit to be derived from a black candidacy," says Georgia State Senator Julian Bond. "If I could, I'd be persuaded...
...finally arrived last week for the Washington Public Power Supply System. D for default. D for debacle. With its coffers almost empty, WPPSS or Whoops, as everyone now calls the agency, formally declared that it could not repay $2.25 billion in bonds used to finance partial construction of two now abandoned nuclear power plants in Washington State. It is by far the largest municipal bond default in U.S. history, and the damage is incalculable. The fiasco has robbed thousands of investors of their savings, shaken confidence in the municipal bond market, angered and humiliated the people of the Northwest, tarnished...
...default had been expected for weeks, so the municipal bond market reacted quietly, with most prices holding fairly steady. But concern about Whoops' woes had been depressing the market for months. Public utilities building power plants have had to promise exceptionally high tax-exempt interest rates of more than 9% to sell new bonds. Several utilities, like North Carolina Municipal Power Agency No. 1, postponed their offerings to avoid testing the market. Some industry insiders fear that the continuing Whoops mess could ultimately sour investors on the entire spectrum of municipal bonds. Says James Lebenthal, whose appearances in television...
Keezen New and Used Clothing Store has long been a Harvard tradition, and white the current owners plan to maintain that special relationship, they will miss the man who did much to forge the bond, former owner Frederick Salo who died two weeks ago of a heart attack...
...soldiers, lawmen, explorers-people who all went out and put their lives on the line for the cause of good." Whom did he mean? An astronaut, perhaps, or a star FBI drug buster. No, Reagan was praising Agent 007 in a filmed appearance on a British TV special, James Bond, The First 21 Years. The President did not seem troubled by the fact that Ian Fleming's superspy also has a reputation for booze (vodka martinis, shaken not stirred), fast women and a quick trigger-not precisely dear-to-the-heartland pulpit pleasers. White House embarrassment did not develop...