Word: bonde
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Dates: during 1960-1969
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...seven people, two of them critically. After police quelled the riots, Mayor Robert Sabonjian, who has steadfastly rebuffed overtures to improve race relations, moved to cut off relief and unemployment benefits to the rioters, ordered the city housing authority to evict some of those arrested. The city also set bond so high that few could be released from jail. Sabonjian called the rioters "animals, junkheads, winos and scum," said that their actions were "not the acts of human beings...
Ordinarily, talk about higher taxes is not very cheery. But U.S. stock and bond investors last week seemed to brighten up just when word got out that the Johnson Administration was seriously considering tax increases as an adjunct to tight money in the fight against inflation. Both stock and bond prices improved, but then at week's end, the stock market lost about a third of the week's gains, partly because the impression grew that Washington might not act swiftly...
Patton's ironic encounter with justice began in 1960 when he was arrested for armed robbery. Lacking bond, he stayed in jail until his trial at which, without counsel, he was found guilty and sentenced to 20 years in the state penitentiary. Three years later, when the U.S. Supreme Court ruled in Gideon v. Wainwright that every defendant, even if indigent, is entitled to counsel, Patton was one of the many prisoners in U.S. jails to apply for a post-conviction hearing...
Fannie Mae's new power to borrow, when added to its existing plans to do so, means that the agency may pour some $7 billion of debentures and other financial paper onto the private bond market by mid-1967, driving interest rates up considerably. The resulting mortgage money will still be limited to FHA and VA loans, now so unpopular with builders that they account for only about 15% of this year's housing. Fannie Mae's aid to housing may thus be only half a remedy...
...Europeans are in general agreement about what has caused it. "The center of the disturbance," says London's Financial Times, "is undoubtedly the U.S." Caught in their own credit squeeze at home, U.S. corporations have been raising more and more money abroad. They accounted for 40% of new bond issues floated in European markets this year, and are expected to raise about $900 million in all. Meanwhile, U.S. bank branches abroad have pulled about $2 billion in lendable funds out of the money market and have sent it Stateside to headquarters. All of which leaves little for Europeans...