Word: one-month
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...Treasury bills, for example. Under a complicated formula, such a buyer might make a $2,500 profit if the interest rate was 8% when he bought the contract and 7% when it came due. Conversely, he would lose money if the rate went up. Similarly, an investor holding a one-month contract to buy 125,000 German marks at 56? would reap a $1,250 profit if the value of marks rose to 57?; he would lose if marks fell below...
...policy is at last beginning to take hold. Supporting evidence that the economic downturn could be a lot sharper than previously expected came from the Commerce Department. It reported that its index of leading economic indicators, which predicts future economic movements, plunged 2.6% in March. That was the largest one-month drop since the 1974-75 recession. Anti-Inflation Adviser Alfred Kahn, with his characteristic candor, said last week: "The country now faces the dilemma we have so long feared, the twin ugly evils of accelerating inflation and the long-predicted recession...
University Secretary Henry Chauncey, who oversees the police department, fired Natalie Podryhula in November after studying the accusations against her. Podryhula denied the charges and two weeks ago a grievance panel decided firing was too severe a penalty and instead imposed a six-month probation and one-month's loss of salary...
Until Carter names a successor, Young will remain at his U.N. post. He will thus complete his one-month tour as Security Council president and probably will lead a group of businessmen on a trade mission to West Africa in mid-September. As for his plans after that, he ruled out running for office in 1980, saying that he intends "to work with President Carter for his re-election...
...season, and there is no end in sight. Viet Nam's own economy is in bad shape, in part because of the Cambodia war, but also because of several bad crop years compounded by gross mismanagement. Viet Nam suffered enormous damage to its northern provinces during its fierce one-month war with China. Factories, schools, office buildings and other structures were demolished. Though the war has been over for several months, normal life has yet to return to the devastated areas...