Word: lating
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Dates: during 1970-1979
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...rapidly rising interest rates. The IBM paper carried a yield of 9.41%, whereas even the new Treasury notes and government bonds returned fractionally higher interest. Also, over the Columbus Day weekend, rumors began to circulate that IBM's third-quarter earnings were down. In fact, as announced late in the week, they fell 18%. The unsold paper, possibly $300 million worth, was dumped on the open market, where it fared badly. IBM's timing ignored a hoary Wall Street axiom: "Never commit yourself to a major issue before a long weekend. Who knows...
...vote of 10 to 5, the Foreign Relations Committee rejected a motion proposed by Glenn to delay action on the treaty. Late this month the committee is expected to endorse the pact; there are eight sure "ayes" and possibly as many as twelve. The only question is how many amendments will be added by the committee and how damaging they will be. Full Senate debate is expected to begin some time in November. Majority Leader Robert Byrd feels that the treaty will gain support if the debate is televised and the public becomes acquainted with the basic issues...
...supporters of the Khmer Rouge. But it now appears that relief agencies will be allowed to set up offices in Phnom-Penh to monitor the distribution of food, thus helping ensure that it will reach starving civilians and not the battling armies. For many Cambodians, aid will arrive too late. The country needs a minimum of 700 tons of food per day, and only a fraction of that is arriving...
...have to consider easing Japan's $70 billion deficit with a zozei, a stiff tax increase, either on personal income or consumer goods. Stung by a vociferous backlash against new taxes, Ohira tried to soft-pedal the issue just before the election, but by then it was too late. Although Ohira can safely ignore demands that he resign, to form a Cabinet he will probably have to surrender some prized ministerial portfolios to the disgruntled powerbrokers who head rival factions within the L.D.P. Last week the Bull looked corralled and sounded bearish. Confessed Ohira: "I should have been more...
...sure that there was nobody like him in the art world, not one firsthand remark about his methods or aims has survived. In fits of depression, he destroyed part of his output; much of what he did not burn has been lost, and about half of his surviving late work was altered by a "restorer" in the mid-1960s. In almost every way, Bruce wrote and stamped his own ticket to oblivion...