Word: float
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Dates: during 1950-1959
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...cost of $140 million. At the same time the Sam Houston Toll Road Corp. will start building the first leg (Dallas-Waco, 83 miles) of its $140 million. 246-mile Dallas-San Antonio Thruway. The two corporations, franchised as nonprofit public utilities by the Texas legislature, will float 40-year bonds at 4-5%, pay all costs of construction and operation, including salaries for the promoter-operators. When the bonds are paid off, the turnpikes will become state property...
Attempts to revoke last year's tax legislation would undoubtedly face bitter floor fights and strong opposition from a large, stockholding section of the population. The politically profitable illusion that Democratic Congressmen can float twenty dollars of prosperity to every man, woman, and child without causing an inflation, would end. But in abandoning the role of Santa Claus, Democrats would at least deserve the support of the large mass of voters which believes in steeply graduated taxation...
Soprano Tebaldi's forte is her pianissimo. Daughter of a Pesaro cellist, she finished off her studies in Parma with famed Soprano Carmen Melis, who took her in hand and taught her how to float those vivid tones. She made her big-time debut the night La Scala reopened after the war, singing in a concert under Arturo Toscanini. Her specialty is igth century Italian pulse-bumpers, but Renata is a placid, hard-working woman who says she does not really like to sing passionate heroines. How will her Aida sound next week at the Met? Not too passionate...
...float displaying working girls in mink coats, a rather hopeful hint from labor...
BELGIAN BONDS will go on sale in the U.S. market soon for the first time in 20 years. Belgium, which needs $50 million to improve the Port of Antwerp and inland waterways, will float a $30 million issue through New York's Morgan Stanley & Co. and Smith, Barney & Co., has got the rest in a loan from the World Bank...