Word: bottomly
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Dates: during 1950-1959
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...teams are competing in the first half of a two-round tournament. In February, the top division of each league will join together, while the bottom five teams of each league will compete among themselves. The winners of the two rounds will then play for the overall championship...
...average yield on high-grade corporate bonds was 4.8% v. 5.9% for the Dow-Jones industrials.) Since stocks are inherently more risky, many investors switched to bonds or did not invest at all. But bond dealers now think that the Fed's action has established a firm bottom for the bond market, and that bond prices will edge up, widening the spread between stock and bond yields...
...Where Is Bottom? Whether or not the Fed's action meant that the stock market had also hit bottom when it closed off at 419.79 on Oct. 22 was any expert's guess. Wall Street was still filled with bears who considered the stock rally only temporary, to be followed by a further decline to 400 or 380 on the Dow-Jones average. They talked of "technical factors," deterioration in investor confidence, and a downturn in business, disregarded plans for bigger defense spending and the chances of an unbalanced budget next year (see NATIONAL AFFAIRS). Just...
Compared to coal-driven plants in the Ohio Valley, which sell electricity at a rock-bottom 4 mills per kwr-h, or the national average of 7 to 8 mills. Shippingport power will cost as much as 65 mills per kw-h because of the high construction cost. Duquesne will tap the power only in peak-load periods...
...himself. He was soon collecting art. Just before the fall of France, he sailed for the U.S. (where he changed his name to Lurcy), managed to smuggle out 38 paintings by way of Portugal. In the U.S. he bought paintings by Renoir, Toulouse-Lautrec and Gauguin at the bottom of the wartime market. Said a Frenchwoman who knew him well, "Georges, intelligent? He invented the word...