Word: deal
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Dates: during 1970-1979
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...Engineers (yes, that's RPI's nickname) opened the scoring at 8:21 of the first when co-captain Steve Stoyanovich finished off a 2-on-1 with a low short-side snap that Lau could not deal with...
...profile and interview of the former actor and Governor that appear in the Nation section this week, on the occasion of Reagan's formal announcement of his candidacy for the White House. Says Stacks: "What I expect to be doing in the coming months is a great deal of flying-on big planes, medium-sized ones, little ones. Constant motion is the first rule of political coverage. The variety of places to visit and sources to see is the best protection against misunderstanding the politics of any campaign year...
Despite the distress, Volcker's interest rate policy continues to win support from bankers, businessmen and politicians. The U.S. League of Savings Associations unanimously approved the Fed's actions, and the group's chief economist, Ken Thygerson, admits that it "was necessary to deal a lethal blow to speculation in the housing market." Ben Heineman, president of Northwest Industries, calls the program a "sensible way of checking inflation." Even Senate Banking Chairman William Proxmire, normally the central bank's most vociferous critic, endorses the program, saying it has had an important "psychological effect." The battle against...
...that, most shoppers still echo Estelle Wollman, 70, who plans to close a deal on a Sunrise, Fla., condo not far from Fort Lauderdale: "I can't worry about interest rates now. Where am I going to go? I don't want to live in a rental any more, with its $50-a-month increase every year." Over the long term, it seems that demand-and prices-for condos and co-ops will be stronger than for housing in general...
Such tales have not been limited to small firms. Chemical Bank, which lost $6 million in post-Volckerism bond dealing, abruptly fired its trading manager. A billion-dollar sure thing- the issuing of IBM bonds last month- turned into a pumpkin for such blue-ribbon investment bankers as Salomon Bros., which had underwritten the deal. Because of difficulties selling the IBM securities, Salomon and other traders had to swallow losses of $10 million. For the once staid bond market, it has been a fitting 50th anniversary of the Great Crash...