Word: shorted
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Dates: during 1950-1959
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...effects of the Treasury's reliance on short-term borrowing in the midst of an overall tightening of the money supply (TIME, Aug. 31) were readily apparent. By drawing $1.6 billion in new cash during the last month, Treasury financing-despite Federal Reserve Board buying support-boosted the rate on 26-week Treasury bills to a record 4.15%. The yield on most long-term Government bonds was more than 4% for the first time since the 1930s, and some yields rose as high as 4.8%. Corporate bond yields also rose; unable to sell their public-utility offerings...
Unless Congress acts, the troubles of the Treasury and the money market will worsen in October and November. Then, to raise about $7 billion to finance the seasonal deficit and another $8.9 billion to meet debt coming due, the Treasury will have to go to market with more short-term issues...
Married. Jacqueline Gay Hart, 21, comely New Jersey debutante, whose unpremeditated flight to Chicago six weeks ago on the eve of a lavish church wedding aroused a nationwide manhunt; and Stanley Noyes Gaines, 25, her forgiving fiancé; in a secret ceremony in the Harts' Short Hills, NJ. home...
Only rarely does a new author's first book of short stories announce much besides one more young lady who had a sheltered adolescence or one more young gentleman who did not. An exception was William Saroyan's The Daring Young Man on the Flying Trapeze, which created such a stir in the '30s. Lover Man, by Alston Anderson, 35, may not come up to Saroyan's Daring Voting Man, but at least it occupies the same ballpark. With this series Anderson introduces himself not only as a first-class writer, but also as an observer...
...Seeing "I." The 15 short stories are almost entirely in the first person. Anderson's "I" can be any member of the Jessup family, around which most of the stories are woven, or any of their friends, and there are moments of confusion, when it is difficult to be sure just who is who. Yet the device gives full play to Anderson's strongest talent: his grasp of the speech rhythm and idiom of his people. More clearly than in much fiction, it is in the telling that the truth of the tale emerges...