Word: bonde
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Dates: during 1950-1959
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...years ago the budget proposed private financing of new power plants for TVA; the 1957 budget asks for funds to get going on some new Government-built steam plants pending congressional approval of a revenue bond program. The fixed Government charges roll on relentlessly: interest on the Government debt is budgeted at $7 billion, and total veterans' benefits at $4.9 billion, up $86 million. By the end of the century, the President noted, veterans' compensation and pension payments may be twice the present $3 billion unless some changes are made in the system...
Shocked Friends. Whatever the explanation, many of Israel's best friends were shocked, especially in the U.S. Senator Herbert H. Lehman of New York, speaking to 18,000 people at an Israeli bond-drive meeting in Madison Square Garden, warned Israel to "show restraint." The New York Times called the border raid "deplorable." The incident appeared likely to delay, if not to block, a favorable reply to Israel's request for U.S. arms to match Communist shipments to Egypt...
...student enrollment has jumped from 6,000 to 19,000 in less than ten years, the CBS cameramen were able to examine in microcosm many of the educational growing pains that are racking the nation. Because the county was arguing whether or not to pass a $7,000,000 bond issue, Murrow caught arguments at white heat: from farmers and businessmen against the bond issue ("Let's cut out the educational frills . . .") to the equally eloquent clergymen, parents and students on the other side ("If we've got to choose between schools and new cars or washing machines...
...estimated $11 billion by year's end, $1 billion better than 1954, $5.2 billion better than in both 1929 and 1946, when the World War II bull market ended. However, there is little doubt that some stocks are too high in relation to earnings and dividends. Stock-bond yields i.e., the rate of dividends on a stock v. the interest rate on a bond, have been narrowing steadily (see chart), are now only 1% apart. Thus, in a high market with lower stock yields, investors have normally tended to shift away from stocks, buy bonds for added security...
...many brokers question whether the fact that stock yields are close to bond yields will cause much of a shift into bonds. High income taxes have discouraged buying for dividends alone; many investors are buying more for growth and capital gains, thus are willing to purchase stocks that are selling for 20 and 30 times earnings, although a stock that sold for 10 times earnings was once considered about right...