Word: interests
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Dates: during 1960-1969
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...down in Benning who is being held on a charge of murdering 70 to 75 Vietnamese civilians." Hersh put aside his book and started tracking down information that led to an interview with Calley on Nov. 9. He wrote the story the next day, and having failed to interest LIFE and Look when he began his research, decided to peddle it through a Washington outfit called Dispatch News Service...
...British press showed more initial interest in the massacre story than the U.S. press. So did British politicians. But while some of them used it to attack the U.S. and its involvement in Viet Nam, one left-wing Labor member allowed that it was "to its great credit" that the story was revealed "in the American press in the first place." He was perhaps too kind...
...barely above the year's low. Trouble is much worse in the bond and mortgage markets, the nation's primary channels for funneling savings into the construction of schools, homes, factories, stores and hospitals. Some experts wonder whether, if investors keep expecting endless inflation, these fixed-interest bond and mortgage markets can survive in their present form...
...crisis has been long building. In a current book, The Price of Money, Sidney Homer and Richard Johannesen date the bear market in bonds from 1946, when high-quality corporate debentures sold at interest rates of 2.45%. But the rise in rates and the concurrent drop in bond prices have speeded up enormously since the current inflation began in 1965-and especially this year. Last week, for example, the New Jersey Turnpike Authority sold $137 million worth of bonds at a tax-free interest yield of 7%, compared with a 5⅞ yield on bonds that it had sold four...
What Is High? Simultaneously, inflation makes bonds or mortgages unattractive investments. If prices kept on rising during the 20 to 40 years that investors often must wait for full repayment of principal, investors eventually would get back dollars worth much less than those they originally lent. Meanwhile, interest rates would keep on climbing-to levels that might make even today's yields look piddling because lenders would demand even higher returns to keep ahead of prices. (Some mortgage lenders now grumble that they are "stuck" with loans made years ago at interest that seemed high then...