Word: interests
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Beyond this, what is unusual about Mattie is that he has a check in his pocket for $25,452.32-the accumulation with interest of his 47 years of prison wages. A large sum in a Depression year, and the good citizens of Glory aren't about to let a freshly pardoned convict walk off with it. "When I hit town at sunup I heared it," says a taleteller. "Talk. Everywheres. A muttering meanness. In the Krogers and the A.&P. and up at Pickett's Store and at the farmers' market out First Street by the glass...
...cost of borrowing money has been rising rapidly ever since the Federal Reserve Board decided last December to get tough about inflation. Last week the deliberate squeeze on credit pushed many interest rates to the highest levels since 1929, causing considerable anxiety among bankers. Many moneymen fear that one more turn of the Federal Reserve's monetary screws might, as the Bank of America put it, cause "serious disruption in the financial markets and create conditions that would generate a recession...
Banks last week charged government bond dealers as much as 10% a year for loans to finance their holdings of securities. Interest rates on tax-exempt local bonds reached new peaks. Cobb County, Ga., for example, paid 6.49% interest to float an issue. A block of Government-guaranteed local public-housing bonds was offered to investors at a record annual yield of 5.55%. For a person in the 50% federal income-tax bracket, that is the equivalent of an 11% return before taxes on ordinary stocks or bonds...
...cars last year. Instead of crying for quotas, U.S. auto men want to start producing in Japan, the only major non-Communist country that prohibits car manufacturing by foreigners. Under intense pressure by its trading partners, Japan has agreed to allow outsiders to buy up to a 50% interest in any of its auto firms-but not until 1972. By that time, the government hopes to have prodded Japan's twelve automakers into consolidating into two or three groups that would help them to cope with U.S. penetration...
...cent. Yet this figure doesn't even approach the return the Treasurer is really receiving on his investments. According to both Treasurer Bennett and President Pusey, Harvard's investments net about 10 per cent a year computed on their market value. This figure includes both dividends and interest and value appreciation on the market...