Word: marketeers
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Dates: during 1960-1969
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These situations illustrate the social cost of a financial disaster: the near-collapse of the municipal bond market. Other results include a scaling down of planned airport improvements in Los Angeles, an increase in three-shift classroom sessions in the schools of Dade
Even Senate defeat of the tax proposal would not restore the municipal-bond market to health. That would require an easing of Washington's tight-money policy. Long before the tax debate boiled up, banks started curtailing purchases of municipals in order to conserve funds for loans to corporate clients. Municipal-bond prices dropped, and interest rates on outstanding bonds rose from an average of 4.85% in December to 6.37% in September. Laws in several states, notably Pennsylvania, Michigan, Florida and California, forbid payment of that much interest on new bonds. Those states, and their local-government units, have...
...making the $110 million offering probably the largest equity issue ever floated outside the U.S. In the first day of over-the-counter trading, I.O.S. rose to $19 a share, then settled to $17 at week's end. At that level, the company had acquired a market value of some $935 million, and Cornfeld's own 15% holding had a paper worth of $140 million...
...outset of the campaign the Cuban government quickly confiscated the 55,000 private businesses which had continued to flourish in the absence of efficient state distribution of products. Though 30-40 percent of Cuba's arable land remains in private hands, the government also began curtailing the free market in the agricultural sector, insisting that farmers sell an increasing quantity of their products to the state at government prices...
...constitution, approved last week by the Harvard Undergraduate Council, states the organization's number-one goal is "To promote the principle of capitalism and the free market economy." Laslo Pasztor Jr. 73, group co-chairman, said yesterday he is organizing H-R YAF to "combat SDS and educate people to provide a vocal stance for conservatism at Harvard...