Word: bonde
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Dates: during 1970-1979
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...fees: $1,250,699. The N.A.A.C.P. immediately began planning an appeal, arguing a violation of the First Amendment and the constitutional ban on ex post facto laws. But under another Mississippi law, even if an appeal is filed, the original judgment must be paid within 40 days unless a bond equal to 125% of the total is posted...
Never rich, and weakened by a fight over who will succeed longtime Director Roy Wilkins, 75, the N.A.A.C.P. was in real fear of a financial debacle. Earlier this year it barely managed to post a $262,000 bond in a libel suit it lost a trial to a policeman from another Mississippi county. By last week an emergency round of fund raising-Atlanta Mayor Maynard Jackson even passed the hat on the street in front of his office-had produced only $763,374 for the Port Gibson bond. At the same time a frantic series of court appearances was producing...
...most of its 67 years, Moody's Investment Service, one of the nation's two major bond-rating firms, enjoyed an impeccable reputation for dispassionate financial judgment. Then, last spring, Moody's downgraded its rating of bonds issued by New York State's Municipal Assistance Corp., which was created to oversee New York City's troubled finances. The drop in the rating of the original MAC bonds from A (meaning secure) to B (meaning risky) put an immediate damper on the sale of later MAC bonds, endangering the attempts to bail out New York City...
Rating services have gained enormous power in recent years, influencing the investment of millions of dollars in commercial and municipal bonds. The services' analysts investigate all financial aspects of firms or municipalities that issue bonds. The information is then studied by committees of three or four experts, who finally assign the bond's rating. Often the decisions are unanimous, but exactly what criteria are used in making these judgments is sometimes unclear. As a result, some businessmen and politicians, uneasy about how rating decisions are reached, have been calling for greater Government supervision of the rating services...
CHILDHOOD CONDITIONING may explain the initial bond. But it certainly doesn't explain what drove us to go to all those games in the early 60s. When you went to the park in those days you could be a bigger loser than the box score indicated. That's because the Phils used to play at now-demolished Connie Mack Stadium (Shibe Park to the lost generation's older members), located in a neighborhood so tough that you had to pay rock-wielding youths 50 cents to "watch your...