Word: bonding
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...other two large expenditures are deposits to two funds Healy said will clarify Cambridge's long-term financial situation. A year-old fund used to stabilize the city's debt service on municipal bond sales would receive a $950,000 deposit...
...loudly about U.S. attempts to maintain good relations and secure arms deals with moderate Arab states. Says a top U.S. diplomat: "Israel has got to understand that cooperation does not mean exclusivity. We can and must be friends with both." Most of all, U.S. officials hope the newly forged bond with Israel will send a fresh signal to Damascus. "Assad has been smelling weakness, and that's bad," notes an Administration official...
...platform oratory is almost breathtakingly dull. "With fiscal stability, good management and an improved bond rating," promises W. Wilson Goode, 45, on the verge of becoming the city's first black mayor, "Philadelphia will be able to raise the level of public capital investment." Philadelphians may be yawning, but they are not turned off. Republican Candidate John Egan Jr., 40, ex-chairman of the Philadelphia Stock Exchange, trails Goode's 42% in one poll by 19 points, while the independent contender, former City Controller Thomas Leonard, 37, has a mere...
With nearly $600 million of debt outstanding, Harvard ranks as the all-time college leader in issuing bonds. University officials freely admit that Harvard earns windfall profits by investing revenues from their bond sales. They also concede that selling tax-free bonds to pay for the profit earning Medical Area Total Energy Plant may not be totally ethical. But here again the university has broken no law, but rather simply followed the leads of other schools; in fact, Harvard has been relatively slow to exploit the bond market in comparison to ther colleges...
...both the audit and bond crackdowns, Harvard may well be the victim of its wealth and visibility. Although in each case the University has acted scrupulously and, as one should expect, in its own interests, it appears that Washington is seeking to make an example of the Harvard administration. But this is the price of prestige; as the self-styled leader of the educational community, Harvard must run its financial operations with the same attention and high principles that underly its academic pursuits...