Word: interests
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Dates: during 1960-1969
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Remote Relationship. Despite the vehemence of these attacks, Clement Haynsworth's ultimate confirmation seemed more assured than ever. The criticism of his decisions impressed only those Senators who were already opposed to the nomination, while the judge's explanation of his financial interests satisfied many who had been concerned. Haynsworth convinced waverers that his participation in one case-involving a company that did business with a firm in which he had an interest -was justified on the grounds that his relationship was remote. He blamed his purchase of stock in the Brunswick Corp. while its case was still...
...supply arms to Israel. Specifically, she asked for 25 more Phantom jet fighters (Israel has already begun to take delivery of 50, costing $200 million) and 80 Skyhawk jets. Noting the war's strain on Israel's budget, she requested a cut in the estimated 7% interest that Israel is still paying on the initial Phantom order...
...heid prompted Poland and Czechoslovakia to withdraw, and the Great Britain-South Africa series was marred by riots. After Spain had been eliminated, the country's outstanding player, Manuel Santana, was convicted on a charge of involuntary manslaughter. The Rumanians, coached by wily Australian Harry Hopman, stirred some interest by out lasting 49 other nations to become the first Communist country to compete in the Cup finals...
...immediate cause of this chaos is the congressional drive to close tax loopholes. Interest paid on municipal bonds has always been exempt from federal income tax, but the reform bill that the House passed in August would make such interest partially taxable for many individual investors. Banks, which normally buy 70% to 80% of all municipal bonds, would continue to collect tax-free interest, but their officers fear that if the bill is finally enacted it will be only a matter of time before that exemption is limited, too. The slowdown in municipal-bond sales has produced something close...
...would not restore the municipal-bond market to health. That would require an easing of Washington's tight-money policy. Long before the tax debate boiled up, banks started curtailing purchases of municipals in order to conserve funds for loans to corporate clients. Municipal-bond prices dropped, and interest rates on outstanding bonds rose from an average of 4.85% in December to 6.37% in September. Laws in several states, notably Pennsylvania, Michigan, Florida and California, forbid payment of that much interest on new bonds. Those states, and their local-government units, have been unable to float new issues. Last...