Word: expectation
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Dates: during 1960-1969
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...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 already. Executives of Hawaiian Electric Co., for example, last month wanted to-sell $18 million worth of 30-year bonds but, after consulting with underwriters, decided instead to sell an issue maturing in only five years...
Making It Worse. If widely adopted, these makeshift devices could be dangerous. The need to refinance mortgages or bonds every five years or so would create endless headaches for home buyers and builders of schools, roads and factories. Variable interest rates would amount to a recognition that lenders expect continued inflation. That in itself could explosively aggravate the nation's inflationary psychology, which is the basic problem. In the long run, the U.S. simply cannot have healthy long-term capital markets in the midst of inflation. The need to ensure a continued flow of long-term money into houses...
...didn't expect to achieve anything near that. Nevertheless, before every rehearsal we spend nearly an hour doing various exercises in order to free ourselves and give ourselves to each other. After much experimentation, we evolved our own peculiar brand of "energy transference," which is a difficult concept to describe and even more difficult to participate in correctly. The goal of the exercise is for the actor to strip away blocks-physical, mental, emotional-which hamper his ability to respond on impulse...
...expect this study to have an impact on American education and higher education everywhere," May said. The study is part of the process of "periodic self-renewal," he added...
...jaded readers of international spy fiction expect to get two books in one: a perversely complicated thriller and a perverted sado-sexual romp at least as inventive as the wares on the pornography shelf. The Shadowboxer is expertly fitted out to supply both...