Word: bonde
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Dates: during 1980-1989
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...world's credit markets. In the mid-1800s, when the U.S. was a developing nation, four American states (Pennsylvania, Maryland, Louisiana and Mississippi) defaulted on British loans. Though three subsequently paid up, Mississippi is still listed in London as a bad debtor; it owes $5 million for a bond issue, excluding interest. More recently, whole countries have repudiated their foreign loans, among them have been Cuba in 1961 and North Korea...
...this point, the legislature disagreed They were swayed, first by the assessment of the bill's proponents that because of rising stock and bond prices, the divestment could actually make money Further, those whose financial interests King said he was defending themselves left that the need to combat opression overrode their own pecuniary concerns Members of the American Federation of State County and Municipal Employees, the Mass Teachers Federation, and the Service Employees International Union all depend on the fund for their retirement incomes, yet they all supported the bill and pushed for the legislative override...
...Nobody buys municipal bonds out of love for financing the home-town sewer system," says Lebenthal, 54. Instead, in an ever changing series of advertisements that all carry the same message, he drives home the lesson that municipal bonds can pay hefty returns to people who earn $50,000 a year or more. In one memorable commercial earlier this year, for instance, Lebenthal was seen holding paper cows made out of folded bond certificates. "We've been selling a cow that instead of milk gives money," he declares in his precise, didactic tone. "So put a little moola...
...municipal bonds are exempt from federal taxes. They are especially attractive to residents of the state or city selling them, because then they are usually exempt from state and local taxes as well. For example, a New York City couple with a taxable income of between $45,800 and $60,000 will be in a 51% bracket in 1983 if federal, state and local income taxes are all counted. So a New York State or city bond that pays 10% interest will produce as much money as a taxable investment yielding 20.4%. As Lebenthal points out, however, a bond...
Mastrosimone fudges on the answers to some of the questions he raises. If you trap a rapist who planned to violate and kill you, is eye-for-an-eye justice immutable or does the common bond of humanity invoke mercy? First to last, Extremities holds the playgoer transfixed. Robert Allan Ackerman directs all the scenes like hand grenades with the pins pulled, and James Russo and Susan Sarandon, in particular, lob them with precision. -By T.E. Kalem