Word: municipales
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Mayor Collins has come up with a means of cutting this Gordian knot of politics and red tape. The Adinolfi Report, commissioned by Collins and released last week, proposes that a new city agency be formed to plan and construct all municipal buildings. This "Public Facilities Commission" would be appointed...
As an almost immediate result, Merrill Lynch, Pierce, Fenner & Smith boosted its rates for margin loans from 6½% to 6¾% for small investors and from 5¾% to 6% for big ones. Most important, from Wall Street's viewpoint, tight money has made bonds more attractive than...
Even more pronounced is the shortage of money. Largely because bankers cannot keep pace with industry's demands for capital-expansion financing (see following story), interest rates continued to advance last week. Manhattan's First National City Bank raised from 4½% to 5% the interest paid on...
Strength & Diversity. Weaver's appointment as head of HUD did not bring universal joy to municipal officials, many of whom were hoping that a mayor might get the job. His academic background and experience in Government housing clearly made him better qualified than any city official. Nevertheless, he has...
The only major exception has been the state's attempt to stop cities and towns from using the Charles as an open sewer--some say only because the noxious odors from the river, which flows 1000 yards away from the State House, interrupted the legislative process. In 1889 the state...