Word: bonding
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Dates: during 1980-1989
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City council sources say one objection to the plan will be cost--the passage of Proposition 1 1/2 has lowered bond ratings enough in area cities and towns that it is unlikely Cambridge will be able to afford the high interest rates any capital outlay would require...
DIED. Bernard Lee, 73, British character actor who often played policemen or soldiers in his more than 100 films (The Third Man, The Detective) and who was best known for his portrayal of "M," the spy chief who gives James Bond his orders in nearly all the Bond movies released so far; of cancer; in London...
...powerful bond of familial love provides solace and strength. Says Tuyen...
...presidential election year, economic events were not determined by the White House or by Congress, but by the Federal Reserve. Indeed, in the opinion of many observers, "the Fed was the only game in town." When inflation roared to an annual rate of 18.2% in the first quarter and bond markets collapsed following Jimmy Carter's proposal of a fiscal 1981 budget with a $ 15.8 billion deficit, the Fed hit the brakes hard. It imposed credit controls on consumer borrowing and clamped down on bank lending. The prime rate, which began the year at 15.25%, quickly climbed...
...squeeze on credit was a major burden on business all year long. Companies began avoiding new debt financing through the long-term bond market because high rates made that too expensive. Instead, they turned to banks for short-term loans that would not lock them into high rates for ten years or more. Industries that depend heavily on credit, particularly home building and auto sales, have been staggering. Lone Star Industries, the country's largest cement producer, last week took out full-page newspaper ads featuring a large skull and crossbones and the warning POISON...