Word: loused
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Dates: during 1970-1979
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...used to preside over the Senate as Vice President. All three would be Carter loyalists, though Byrd and Hollings would probably be less assertive in dealing with the White House than Humphrey. Partly because of concern about his health, partly because his opponents have worked hard to store up lOUs for this vote, Humphrey, still recovering from a recent cancer operation, is given relatively little chance of winning...
...rate on business loans by a quarter-point, to 6¼%-the lowest since February 1973. The rate on 90-day Treasury bills last week slid to 4.6% from 4.8% the week before, and General Motors Acceptance Corp. trimmed slightly the interest rate it pays on commercial paper (corporate lOUs) that it buys. Heartened investors flocked into the bond market, bidding prices up and interest rates down. For example, Cleveland Electric Illuminating Co. sold $125 million worth of 35-year bonds at an 8¼% yield, the lowest rate on a utility issue of similar quality since February...
...argue many conservatives, who agree with Billy Mounger, vice chairman of the Mississippi delegation. "If he goes out and builds up political lOUs," says Mounger, "he's going to be ready four years from now." Connally does not want to become Ford's campaign manager, which he considers a job for a technician, not a statesman of his stature. Besides, he doubts Ford-Dole can win. Still, Connally will visit nearly 100 congressional districts in 72 days to stump for candidates for Governor and Congress. The same tactic was used successfully in the 1966 election by Richard Nixon...
There was little difference between the candidates' campaign pitches-both followed mildly conservative lines-and the rivals agreed in explaining the results. "I wasn't really surprised," Hayakawa said as the votes were counted. "Disillusionment with politics helped me. I have no lOUs to the political buddy system...
...Make more information available to buyers of commercial paper (short-term corporate lOUs). Goldman Sachs insists that it did nothing wrong in marketing $83 million of commercial paper for Penn Central in the six months before the bankruptcy. But it signed a consent decree under which it promised that it will investigate companies for which it sells commercial paper and tell would-be buyers what it finds...