Word: interestingly
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Dates: during 1950-1959
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...totally unfair for the People's Republic of China to pay all the expenses of the Korean War. The U.S. has given up her claims for loans she granted to her allies during the first and second world wars, yet the Soviet Union insists that China must pay interest on Soviet loans." He would like to know, Lung added, whether the U.S.S.R. intended to reimburse China for the "huge quantities of industrial equipment" which were carted out of Manchuria by Soviet troops after World...
...national dowry fund. Each time 1,000 drachmas ($33.33) is added to the collection, a bank book is issued in the name of some future bride, selected at the age of one to three years by the committee from the poorest families in the village. With compound interest, by the time a girl of 26 has found her man, the value of each book will have grown to some $400, or enough to buy a few fertile acres...
...mess. Democrats went much farther, cried loudly of a crisis at the Treasury. Reason: in the next twelve months, the Treasury must refinance some $75 billion (28%) of the U.S. debt, and do it in a market where Government bonds are at their lowest level since the Depression, and interest rates are climbing. Last week, to sell $3 billion worth of 264-day tax anticipation certificates, the Treasury was forced to raise the interest rate to 3.485%, highest since...
...trouble is that from the start, Secretary Humphrey's Treasury failed to match the prices other borrowers were willing to pay for money. When the Treasury sold its first longterm, 30-year issue in 1953, it pegged the interest rate at a below-market 3¼% an average 3¾% for corporate issues; the bonds soon became known as "Humphrey's Dumpties," dropped far below par, and still sell at 93.26. A 40-year issue at 3% in 1955 has tumbled to 87.24. The result, says Humphrey, is that "we must therefore sell mostly short-term securities, which...
...line with the overall money market. By hiking rates a fraction at a time, always too little too late, Secretary Humphrey has, in effect, guaranteed the failure of long-term issues. He has also increased the margin between Government and corporate bonds instead of narrowing it. On a straight interest basis, Government bonds paid as much as 2.37½^% in 1952 v. an average 3.42% for corporate issues; today, the highest paying Government bond rate is 3¼% v. almost 5% for some corporate issues...