Word: marketed
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Dates: during 1960-1969
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Voracious Demand. With the President's tax bill stalled in Congress, Wall Street is betting on a credit crisis. Already, the mere prospect has helped to depress the stock market (see following story), lift some interest rates to 46-year peaks and cause bond prices to plummet. On top of voracious corporate demand for funds, the federal deficit has forced the Treasury to borrow $16 billion since midyear (apart from replacement of maturing issues). The Government had to pay 5¼% interest for some of that money last month, its highest rate since June, 1921. Last week...
Without a surtax, Washington maintains that it will be forced to borrow as much as $22 billion in the bond market next year to finance the federal deficit. And economists in and out of the Government agree that there will be too little money to meet the demands of private borrowers as well. While the Federal Government and the country's bigger corporations will snare what they need, bond experts figure that housing, auto finance, small businesses and state and local governments will be starved for funds. This year, the Federal Reserve Board's policy of monetary ease...
Though he agrees with Harold Wilson on little else, Chambers shares the belief that Britain needs the Common Market, and he has moved to assure I.C.I.'s place in Europe no matter what happens politically. I.C.I, has bought into smaller European chemical firms, constructed plants in The Netherlands and West Germany. To gear itself to foreign competition, it is now in the final phase of a four-year, $1.7 billion capitalization program. It was partly because of that outlay that pre-tax profits dropped steadily over the past three years, to $242 million in 1966. Whatever happens, I.C.I...
...domination of the market by one buyer--the government--adds to the uncertainty. Changes in national defense policy (such as the Eisenhower emphasis on nuclear, rather than conventional weapons) create havoc in the market...
Thus, the defense business takes on a non-market character. The WARP found that the government relieved defense firms of economic risk, and played a correspondingly larger role in the managerial decisions...