Word: bonding
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...order submitted in January to Miami's Bond Plumbing Supply Inc. seemed fit for King Louis XIV: a custom-made sunken bathtub, a sink with 24-karat gold-plated faucets, pastel blue toi lets, a "harvest gold" bidet with chrome-plated trim, even a portable Jacuzzi. But when Carol Cherrey, office manager and taxpayer, saw the name on the $8,934 or der, she said she "blew my stack." The deluxe fixtures were ostensibly ordered for a vocational instruction class at MacArthur South High School. Yet MacArthur, a school for 235 troubled youths, had no plumbing class...
After the indictments, a fire gutted the Fort Lauderdale showroom of Bond Plumbing Supply, the firm whose office manager had blown the whistle on the operation. Fort Lauderdale Fire Captain Stanley Janson said that the blaze was set by arsonists...
Unlike wage and price restrictions, which require congressional authorization before enactment, the President could impose credit controls immediately under a 1969 federal law. Anticipation that the White House was on the verge of actually issuing such an order kept the bond market, which is highly sensitive to inflation expectations, in a state of wild agitation all week...
...Chicago, 1980 has been just one calamity after another. First, the city's bond rating was lowered, raising Chicago's interest rates. Next, Mayor Jane Byrne had to lock labor negotiators behind closed doors until they agreed on a contract to end a two-week teachers' strike. Then, on Valentine's Day, almost all the city's 4,300 fire fighters struck...
Sunshine's 15-year bonds will be sold in $1,000 denominations next March, through underwriters Drexel Burnham Lambert, Inc. The company can redeem them in cash or bulk on. The amount of silver backing the bonds will be related to the spot-market price of the metal on the day of issue. But if, for example, each bond has 20 oz. of silver behind it, when it is redeemed the holder will receive $1,000 or the value of 20 oz. of silver, whichever is greater. The advantage to Sunshine, which recently escaped a bloody takeover attempt...