Word: bondses
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It was a devastatingly ironic example of petropower. The Libyan Arab Foreign Bank will lend Fiat $104 million and spend an additional $311 million to buy newly issued Fiat stock and bonds. That will give the government of Libya-which was an Italian colony until the end of World War...
Still Weak. The drop involved both short-and long-term rates. Two of the nation's ten biggest banks have now cut their prime rate on business loans by a quarter-point, to 6¼%-the lowest since February 1973. The rate on 90-day Treasury bills last week...
College ain't worth what it used to be. So says my friend Professor Richard B. Freeman of the Economics Department. In his recent book. The Overeducated American, he computes the dollar return on the cost of college and finds it no better than the return on Grade B corporate...
That beach and then some. Provided, that is, that a young lawyer named Thomas Tureen can convince the courts to accept his theory about the Nonintercourse Act of 1790. This much amended act states that "any title to Indian land obtained without federal approval is null and void." Tureen'...
Governor Michael Dukakis has already signed legislation to rescue Mashpee for the time being by guaranteeing the town's credit, but the Wampanoag case is only the latest battle in a new Indian uprising against the white man-fought this time in the courts. It started in Maine, where...