Word: midyear
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...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 a 3%, $1,000 Treasury bond that was first issued in 1955 traded at $750 (although the Treasury, to be sure...
...protest and the issues which that demonstration raised. By denying the probationed protestors the privilege to seek election to the Council, the Administration would undercut the Council's purpose and spirit. A wise solution would be for the Administrative Board to end probation for the demonstrators at midyear. Then the activists would have a fair chance to seek election, no regulations would be violated, and the probation would still have its deterrent effect. But even if the Board does not shorten the term of probation, the purpose and potential importance of the new Advisory Council justify an exception...
...according to one draft board official, it is unlikely that he will win his case since appeal boards follow the national guide lines more closely than the local boards do. One state official said this week, "A board may decide to delay a graduate student's induction until midyear if he's called in January, but if called in October it is a different matter." According to some observers, the fact that there now exists almost no considerations for these students either means a greatly hardened attitude on the part of the Administration towards graduate students, or else suggests that...
...Conventional Front. By late 1967 or even midyear, Allied commanders had expected that big-unit war would have become too costly for the enemy, and that the war of regiments and battalions would be substantially over. Far from fading, however, the big-unit war has grown fiercer in recent months. Moreover, big-unit victories and massive Allied search-and-destroy sweeps have not so far advanced the vital pacification program, partly because South Vietnamese troops have been slow to take to their new village-security tasks. No matter how many North Vietnamese regulars are killed along...
...some types of accommodation are in short supply. In Manhattan, private apartment building dropped to an eight-year low of 2,812 units last year, and rent increases of as much as 10% have become common when leases expire in apartment building units not subject to rent control. "By midyear," says President Irving Rose of Detroit-based Advance Mortgage Co., "the apartment market should be particularly tight in New York City, Detroit, San Francisco and San Jose, Calif...