Word: marketing
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Dates: during 1950-1959
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...heyday of foreign bond speculations in the '20s, Latin American governments floated ever larger issues at interest as high as 8% on the U.S. market, and many banks turned to cajolery and a few even to bribes to handle the business. With the Depression, Latin countries defaulted to the tune of $1.3 billion. Last week the dance of the millions came to a slow-beat and reasonably happy...
...last of the governments involved, announced last week that it will resume interest payments this summer on $56 million in old bonds. Rates will start at 2% and move up gradually to 3% by 1964. A sinking fund will be started to buy up the bonds in the free market or pay them off by lots at par-$1,000 plus $100 settlement on back interest. It was a lean agreement-the leanest yet in the Council's history-but the council told bondholders it was the best they could expect from sorely strained Bolivia...
...tickets, cornfed Author Richard Bissell, who came east from Iowa to write the smash Broadway hit Pajama Game, decided to abandon Connecticut's exurbian lotus groves, take a summer's furlough in his native Dubuque. His reason: "The East seems to have a corner on the phony market. These characters are afraid they might be caught not knowing something. Some of these advertising guys-real phonies-would be better off running a gas station. You've got people going to the theater here simply because they ought to be seen at the theater. They hang...
...break in the stock market at the news of President Eisenhower's stomach upset last week (see NATIONAL AFFAIRS) lasted no longer than the President's brief illness. The first sketchy reports touched off a brief, orderly selling wave: the Exchange ticker ran late, and stocks on the Dow-Jones industrial average slipped 4.91 points in an hour. But when the White House issued a reassuring bulletin, stocks turned quickly around, made up all but a 1.87-point fraction of the day's loss, then climbed steadily higher on each successive day. At week...
...strength of the market was based on the health of the economy. The Labor Department reported that employment in mid-May rose by 900,000 to 65.2 million employed. Unemployment, at 2,700,000, was holding stable at last year's level. New plants for new markets had already pushed the construction industry to a five-month total of $19.2 billion, 5% more than in record 1956. Private housing, down 17% so far this year, showed a sharp upturn to an annual rate of 990,000 new housing starts in May, leading hard-pressed builders to hope...