Word: moneys
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Dates: during 1960-1969
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...thirds of all passengers responding would prefer to fly supersonically, and 56% would pay a premium of $50 to do so on a 2,000-mile flight. Still, each SST will cost more than most airlines earn in a single year. Even now, the airlines are stretching the tight money market to pay for the new generation of subsonic jumbo jets and airbuses, and smaller lines only wish that the SST would quietly go away for several years. As soon as the leading airlines buy the SST, however, competition will dictate that all must follow...
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...
...interest. If the bills pass, some local governments may have another try at selling bonds. Philadelphia school officials plan to offer a $60 million issue at 7% this month. They found no buyers at 6% in July for two issues of $30 million and $17.5 million. The money is needed for a program of closing and replacing 42 slum schools, all of which were built before 1907, and are not fireproof...
...High a Price. As long as inflation forces the U.S. to restrict the money supply, states and cities will be at a disadvantage in competing against corporations for scarce investment funds. Some local governments may be able to increase taxes or find other ways to raise construction money. But most of the public facilities that were to have been financed by the unsuccessful bond issues probably will be long delayed, if not shelved entirely. That is part of the price that the U.S. must pay for having allowed inflation to rage unchecked for too long. The price, however, is being...
Once he got the money (from a fertilizer magnate), he worked an exhausting schedule to get the movie done. All of the sequences set in ad agency offices had to be filmed at night in closed office buildings. (The board room of the agency in the film is actually the board room of David Rockefeller's bank...