Word: cashes
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Dates: during 1980-1989
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...crowds that filled the lobby of the Federal Reserve Bank of Chicago last week were looking for more than a chance to admire the ornate ceiling and marble columns. They came to cash in on one of this year's hottest financial plays: U.S. Treasury securities. Enticed by a surge in interest rates and put off by the stock market, individuals have turned the once staid investment into a popular favorite. Small investors bought three-month and six-month T- bills at the record pace of $2.5 billion a week during the first quarter of 1989, compared with $2 billion...
McGovern convinced the full Senate that the state, reeling from tax revenue shortages, did not have the cash to pay more than $71 million in bills...
...vote that may set the stage for a battle with the House and the Dukakis administration over how much the cash-short state can afford, the Senate passed by voice vote the supplemental budget bill. The bill slashes $267 million from the House's $338 million version, which was already less than the figure proposed by Gov. Michael S. Dukakis...
...taking his own advice has boosted it to $422,000. Charles Allmon, a rival newsletter editor, suggests that Frank is a ringer, a "riverboat gambler" suitably disguised by self-deprecation and a digressive academic manner. Frank replies that Allmon, who has lately kept his portfolios in cash, just can't handle the action anymore. He's got "gun-shy." Las Vegas is not big enough for both of them...
...Administration expected Noriega to flee in panic. He stayed. Two months later Washington dispatched 1,300 additional troops to U.S. bases in Panama, hoping their very presence would cow Noriega into submission. It didn't. Then the U.S. imposed limited economic sanctions, designed to choke off the country's cash flow. The dollar shortage fell hardest on Panama's middle class, who began to grumble about unreliable American allies. That allowed Noriega to rally support inside as well as beyond Panama by portraying himself as a victim of Yanqui aggression. In the end, Washington managed only to devastate an economy...