Word: interests
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Dates: during 1960-1969
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Legislatures are considering bills to raise permissible rates in several states, even though that is likely to lead to higher state or local taxes to pay the interest. If the bills pass, some local governments may have another try at selling bonds. Philadelphia school officials plan to offer a $60 million issue at 7% this month. They found no buyers at 6% in July for two issues of $30 million and $17.5 million. The money is needed for a program of closing and replacing 42 slum schools, all of which were built before 1907, and are not fireproof...
...unsuccessful bond issues probably will be long delayed, if not shelved entirely. That is part of the price that the U.S. must pay for having allowed inflation to rage unchecked for too long. The price, however, is being made unnecessarily high by the proposals to tax municipal-bond interest...
I.O.S. sold 11 million shares to Europeans, Canadians, employees and business friends. The shares, representing a 20% interest in I.O.S., were priced at $10, making the $110 million offering probably the largest equity issue ever floated outside the U.S. In the first day of over-the-counter trading, I.O.S. rose to $19 a share, then settled to $17 at week's end. At that level, the company had acquired a market value of some $935 million, and Cornfeld's own 15% holding had a paper worth of $140 million...
...Harvard alumnus who has a financial interest in the Colts is reporiedly the one who suggested that the band give the show. but the band itself was first contacted by the Maryland Harvard Club...
Paszter came to this country from Hungary in 1956. His father is World Secretary of the National Hungarian Freedom Fighters Association. He said his interest in conservation came from "reading a lot of conservative literature like The National Review...