Word: bonde
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Dates: during 1970-1979
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Gerardo Mendez, chancellor of the Mexican consulate in Boston, said that even if a lawyer helps Hyland get released on bond, he will be forbidden to leave Mexico City before his trial. He added, however, that under Mexican procedures it will be increasingly difficult to win release on bond as time goes...
When it comes to buying U.S. savings bonds, patriotism has not paid -until recently. One of the Government's highest economic policymakers was asked not long ago by the Treasury to urge the public to buy bonds; he refused, on grounds that the 5.5% interest rate did not keep up with inflation. In sum, bond buyers actually lost money. Realizing this, Americans long redeemed their old bonds faster than they bought new ones...
...many people, the bonds at present appear to be as sound an investment as any in the land. The stock market has been sluggish; the glitter of go-go mutual funds has long gone; bank interest rates on ordinary passbook savings accounts have been at 5% or lower. If the President's freeze cools inflation, the savings bond rates will look even better. Insecure about the future, many small investors-particularly middle-aged blue collar workers-are seeking financial refuge in the Government's securities...
FOLKLORE. In the same way tribes build up legends about formidable hunters and battles, corporations develop their own folklore. Stories of idiosyncratic bosses and financial disasters "circulate with rich embroidery," Jay says, and form a cultural bond among employees who otherwise have little in common...
Died. Peter Fleming, 64, peripatetic man of action and letters; of a heart attack; in Black Mount, Scotland. Though less famous as a writer than his older brother Ian, who created James Bond, Peter Fleming produced minor classics. His books Brazilian Adventure (1933) and News from Tartary (1936) are still in print. The first, which spoofed superserious adventure tales, was based on his search for a lost jungle expedition; the second on his 3,500-mile trek from China to Kashmir. A Grenadier Guards colonel during World War II, he was an intelligence operative in Nazi-occupied Greece, then...