Word: lower
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Dates: during 1960-1969
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Roaring Off. Saigon was having problems of a different sort. After the Sen ate met in secret session to approve South Viet Nam's delegation, the acutely sensitive lower house protested that approval should have come from a joint session. The Supreme Court agreed, and not until week's end did the lower house, its pride salved, give its approval. As soon as that obstacle was cleared, the delegation motorcade roared off for Tan Son Nhut airport to board an Air Viet Nam 727 for the flight to Paris...
...authority will have the power to issue tax-exempt bonds to finance college construction projects. Because they are tax free, the interest rate on the bonds will be substantially lower than the going open market interest rate--one of the customary sources of funds for University construction...
...whole operation is the tax-free bond. Since holders of bonds issued by such local and state authorities do not have to pay federal income tax on the proceeds of the bonds, they are willing to accept a lower interest rate than they otherwise would demand. Currently, the interest rate on the tax-exempt bonds is slightly more than four per cent. Borrowing at a bank can cost about seven per cent. Harvard gets an annual return of about 5.8 per cent on its general investment funds...
...Motors showed off the Opala, its first made-in-Brazil sedan, a cross between the U.S. Chevy Nova and the German Opel. Depending on the model, it will sell for $4,250 to $4.800-about twice as much as a similar car made in the U.S., where taxes are lower. Ford's trade-up entry is the compact Corcel ($3,436). The highest-priced car at the show is the Brazilian Ford Galaxie LTD; at $9,546, it is the country's newest status symbol. Chrysler, which along with the other three companies accounts...
...reminiscent of that rascal O'Keefe, Sebastian Dangerfield's friend. And many of the sexual scenes, often dominated by Beefy's rhetoric, bear an uncomfortable resemblance to those of the earlier book. But there is a dramatic shift in focus from the blatant hardships of the lower classes in Ginger Man to the more subtle and delicate troubles of the moneyed aristocracy. In both cases, there doesn't seem to be much justice for such money-haunted people as Balthazar, Beefy, Dangerfield and O'Keefe. "God's mercy on the wild Ginger Man," wrote...