Word: bondses
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Administration and Congress cannot trim menacing budget deficits. Moreover, some highly important interest rates have yet to budge the slightest bit. Standout example: the interest rate on long-term corporate bonds is hanging around 16%, a level that severely hinders investment. Few corporations are willing, or indeed even able, to
Most people can understand the problem of declining government assistance. But to those unfamiliar with Harvard's labyrinthine financial structure it is difficult to comprehend why an institution with more than a billion dollars invested in stocks and bonds can't rely more on income from those investments to offset...
As Reagan's economic planners hoped, however, states and universities are beginning to look into contingency plans. In Massachusetts, the legislature has created an agency to raise money to be loaned at the modest interest rate of about 10% to students attending public and private colleges in the state...
Attempting to prove that once one gets to Harvard, the bonds are never lossened, alumni leaders said last week they will soon begin collecting a list of possible alumni House associates.
Bankers and moneymen are deeply worried by the prospect of a steady flood of gargantuan federal credit demands. Says David Jones, an economist with the New York-based Government securities firm of Aubrey G. Lanston & Co.: "The Administration is doing too much, too fast, by imposing this superdeficit on top...