Word: macs
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Dates: during 1970-1979
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...guys n' gals in print, it's time first to declare the co-winners of the Sports Cube Disk Frisk Treasure Chest of Prizes. They are Ed "Don't Bug Me, I've Got My Radio On" Minar of Quincy House and Wendy Anne "Put Number G-18 on, Mac" King of Cambridge. Both over-grown teenagers scored an astonishing 94 correct answers out of 105. As a result, Aronson and I are currently trying to get this Top 40 match made in heaven together...
Chain Gang. Meanwhile, Cartoonist Tony Auth of the Philadelphia Inquirer drew rock breakers in an Eastern European chain gang whispering, "President Ford declared our independence. Pass it on." And the Richmond News-Leader's Jeff Mac Nelly put Carter in a Texas barroom full of jug-eared Lyndon Johnson lookalikes; the candidate points to a portrait of L.B.J. over the bar and asks, "Say, who is that nasty-lookin' snake up there? He sure is ugly...
...enjoyed an impeccable reputation for dispassionate financial judgment. Then, last spring, Moody's downgraded its rating of bonds issued by New York State's Municipal Assistance Corp., which was created to oversee New York City's troubled finances. The drop in the rating of the original MAC bonds from A (meaning secure) to B (meaning risky) put an immediate damper on the sale of later MAC bonds, endangering the attempts to bail out New York City...
Angered state officials immediately challenged Moody's evaluation, pointing out that Standard & Poor's, the other major rating service, had continued to give MAC bonds an A-plus rating. But no one questioned Moody's motives until last week, when Felix Rohatyn, feisty, flamboyant chairman of MAC, demanded that the firm disqualify itself from evaluating MAC bonds because its political bias made it "unfit" A few days later in Washington, Assistant Secretary of the Treasury Robert Gerard cautiously agreed that if Moody's were basing its judgment on such political considerations as what the New York...
Cohen promptly sent a copy of Lockton's letter to such noted political and economic authorities as Johnny Carson, Chevy Chase and Daniel Schorr. He also mailed one to Rohatyn, who saw in it evidence that Moody's position on MAC bonds was "obviously one of political dogma." Though Moody's denies that politics was involved, MAC officials have called a meeting for this week to decide whether to sue the company or negotiate for a higher rating...