Word: bond
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Dates: during 1980-1989
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Tradition dictates that a Government announcement of deep concern to Wall Street be delayed until the markets have closed, so that stock and bond traders will not stampede. But Reagan's timing may also have been determined by his desire to keep the news from leaking. After making his decision Friday afternoon, he told only a few top advisers. He telephoned Volcker from Camp David Saturday morning, an hour before the radio show, reaching him at his Manhattan apartment, where he spends weekends...
...failure by WPPSS would severely rattle the $400 billion municipal-bond market by driving down prices and raising borrowing costs for state and local governments. It would be particularly rough on the Pacific Northwest. Says Tim Kerr, deputy treasurer of Washington State: "We will see some very high interest rates...
...sailed off in the wrong direction at the starting line and disappeared into a fog bank. Now the old Frenchman's craft, France 3, belongs to Moviemaker Yves Rousset-Rouard, who has her back in Newport for another try. The hardiest dreamer left is Alan Bond, 45, an Australian entrepreneur from Perth, whose fourth adventure this summer will bring his tab to $9 million. Bond's boats have garnered the honor of challenging for each of the past three America's Cup series. Again this summer, of the three Australian entries (Advance and Challenge 12 the others...
...James Bond allowed himself to smile. Though he had only recently met this exiled Afghan prince, Bond knew the type all too well. On twelve, no, 13 previous assignments for Her Majesty's Cinema Service, he had clenched his wits against some of the modern world's most notorious dastards. Imposing men they were-Drax, Blofeld, mad and wily Auric Goldfinger. Somehow this Kamal, this jet-set smuggler, seemed less than they, less than a man, shrunken into his dreary sins, human villainy reduced to venality. He looked wary and frail, like an extinct bird on a porcelain...
...Bond glanced up across the baccarat board and allowed his smile to widen into a yawn. "I'll cover the bet with this Fabergé egg if you don't very much mind...