Word: cash
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Dates: during 1960-1969
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...finds attached to his name, there is not even nominal consolation in a new decision of the Ohio District Court of Appeals. Paul Ferguson, 57, of Columbus, was appealing his conviction for trying to pass a forged check; he had used someone else's social security card to cash the check, and his lawyers were contending that under the Miranda ruling limiting police interrogations Ferguson had been improperly induced to admit that the social security card...
...national hunger emergency exists and, under existing authority, must now free funds and implement programs to feed all hungry Americans this winter." After sounding that clarion for the immediate future, the conference went on to insist that "the overriding remedy for hunger and malnutrition is a minimum guaranteed adequate cash income with a floor of $5,500 annually (for a family of four).1' The delegates also called for expansion and reform of existing food programs; the creation of a plan to provide all schoolchildren with a free, nutritious breakfast and lunch; and the transfer of existing food programs...
These conditions partly reflect the Federal Reserve's squeeze on credit. Banks are curtailing bond buying and mortgage lending in order to conserve scarce funds for direct loans to business. Insurance companies, which are normally major buyers of bonds and mortgages, are being drained of cash by loans that they must make to policyholders who cannot get credit so cheaply elsewhere. But the bond-mortgage slump reflects even more the ravages of inflation. Corporations, for example, are hurrying to build new plants before construction costs rise even further (see following story), and are selling huge quantities of new bonds...
...mortgages by giving the lender a share in the revenues or profits. These expedients are not available to home buyers or local government units that must sell bonds, and some authorities think that much more radical changes in the markets will be required if they are to raise the cash that they need. Sidney Homer and Economist Henry Wallich, among others, have seriously suggested that mortgage and bond issuers may have to pay variable interest rates tied to movements in consumer prices. Some experts also expect a swing from long to short-term financing. There are signs of that happening...
...mild bunch descends on the cash resources of NATO, which are being moved from France to Belgium via freight train. Three separate elements pursue the loot: a tough Mafioso (Eli Wallach), two French thieves (Bourvil and Jean-Paul Belmondo) and an elegant supercriminal (David Niven) known respectfully as "the Brain...