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Included were highly creative proposals to make New York City a state park district to facilitate outdoor recreation development, set up a program creating a county-agent-style welfare service to help deprived or undereducated city dwellers, increase middle-income housing construction, and float a $2 billion bond issue to improve New York's transportation systems-both transstate highways and the critical mass transit network in traffic-clogged New York City. Minnesota's Le Vander proposed a Metropolitan Service Council that would amalgamate the management of problems including everything from city sewage disposal to mass transit to parkland...
...year before, long-term municipal bonds had been selling at $1,000 and paying $40 in annual interest; in late 1966, the same bonds were down to $800 but still paying $40 - in effect, yields rose from 4% to 5%. New York State had to pay 5.7% to float one tax-free issue; Baltimore, Louisville, Tulsa and Arlington, Va., canceled others. So queasy and depressed was the bond market that several corporations called off bond issues. Moneymen tossed in their sleep, worrying that if companies could get money no other way, they would begin wholesale withdrawals from banks. Says Chase...
...water, and Manager Michael Brown expects the number to double again in 1967-68. The one Chicago marina to try it is full to capacity. Ted Fischer, president of the Northport Marina on Long Island installed a bubble system two years ago, now has 75 boats lined up to float until spring...
...enlarge the capital supply and to make Paris a world financial center on the order of London or New York, the Cabinet earlier this month liberalized the long-shackled French money market. French companies will soon be allowed to borrow funds from abroad fairly freely, and foreign companies to float loans in France; at the same time, French investors will be allowed to hold foreign securities in their own names, and French banks will be able to start paying interest on deposits by foreigners...
Like pond lilies, the characters float on the surface of their own reality, fall apart and come together in ever-changing scenes and situations. At the cocktail party, it gradually becomes apparent that one girl is dead. She apologizes for coming late: "I'm dead. Excuse me. I'm dead. Excuse me." But in this world of non-touch and non-feeling, death is both impermissible and incommunicable, as impossible as life...